Choice Financial Group approved 183 SBA loans worth $83.9M between October 2021 and June 2026, ranking #230 of 2,283 SBA lenders nationally by loan count. Its median loan was $280,000, and 37% 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 | 144 | $67.1M | $290,000 | #11 |
| North Dakota | 30 | $10.2M | $292,500 | #9 |
| Wisconsin | 3 | $774K | $214,000 | #154 |
| Arizona | 3 | $4.4M | $1,250,000 | #129 |
| South Dakota | 2 | $1.1M | $575,000 | #41 |
| Colorado | 1 | $194K | $194,000 | #244 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 30 | $250,000 | |
| Restaurants and hotels | 24 | $273,000 | |
| Wholesale trade | 19 | $250,000 | |
| Arts, entertainment and recreation | 16 | $250,000 | |
| Construction | 14 | $420,000 | |
| Health care and social assistance | 12 | $366,250 | |
| Other services (repair, personal care) | 12 | $240,750 | |
| Administrative and support services | 9 | $205,000 | |
| Professional and technical services | 9 | $255,000 | |
| Retail | 8 | $145,000 |