Southeastern Minnesota 504 Development approved 52 SBA loans worth $42.9M between October 2021 and June 2026, ranking #551 of 2,283 SBA lenders nationally by loan count. Its median loan was $587,500, and 15% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 52 | $42.9M | $587,500 | #37 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 9 | $494,000 | |
| Other services (repair, personal care) | 8 | $537,500 | |
| Construction | 7 | $408,000 | |
| Manufacturing | 6 | $1,160,500 | |
| Health care and social assistance | 5 | $865,000 | |
| Arts, entertainment and recreation | 4 | $813,000 | |
| Retail | 4 | $1,366,000 | |
| Real estate and rental | 2 | $886,000 | |
| Professional and technical services | 2 | $737,000 | |
| Wholesale trade | 2 | $186,500 |