Central Minnesota Development approved 103 SBA loans worth $103.5M between October 2021 and June 2026, ranking #349 of 2,283 SBA lenders nationally by loan count. Its median loan was $669,000, and 19% went to startups or businesses under two years old. It lent in 6 states, most often in Minnesota, and its most financed industry was manufacturing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 96 | $96.9M | $664,500 | #23 |
| Wisconsin | 3 | $2.9M | $1,229,000 | #153 |
| Arizona | 1 | $1.9M | $1,911,000 | #179 |
| North Dakota | 1 | $145K | $145,000 | #53 |
| Ohio | 1 | $1.4M | $1,399,000 | #212 |
| Wyoming | 1 | $241K | $241,000 | #63 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 24 | $1,025,000 | |
| Restaurants and hotels | 14 | $873,500 | |
| Health care and social assistance | 12 | $1,055,500 | |
| Construction | 10 | $480,000 | |
| Other services (repair, personal care) | 9 | $385,000 | |
| Retail | 7 | $404,000 | |
| Real estate and rental | 5 | $241,000 | |
| Administrative and support services | 4 | $657,500 | |
| Finance and insurance | 4 | $398,000 | |
| Arts, entertainment and recreation | 3 | $1,816,000 |