52 SBA loans worth $32.1M went to businesses in Alexandria, MN between October 2021 and June 2026, from 18 lenders. Old National Bank made the most, 9 loans. The median loan was $206,250, compared with $212,000 across Minnesota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Old National Bank Bank · Evansville, IN | 9 | $2.3M | $255,300 | 56% |
| 2 | Vantage Bank Bank · Kent, MN | 8 | $918K | $129,000 | 38% |
| 3 | Amplio Economic Development Certified development company · Arden Hills, MN | 6 | $1.9M | $283,500 | 33% |
| 4 | Midwest Business Finance Certified development company · St. Cloud, MN | 5 | $10.3M | $1,369,000 | 60% |
| 5 | Viking Bank Bank · Alexandria, MN | 5 | $850K | $150,000 | 80% |
| 6 | First Western Bank & Trust Bank · Minot, ND | 4 | $4.0M | $400,000 | 25% |
| 7 | Glenwood State Bank Incorporated Bank · Glenwood, MN | 2 | $4.6M | $2,279,000 | 0% |
| 8 | Bell Bank Bank · Fargo, ND | 2 | $786K | $392,750 | 0% |
| 9 | American National Bank of Minnesota Bank · Baxter, MN | 2 | $125K | $62,500 | 0% |
| 10 | Global One Bank Bank · Houston, TX | 1 | $5.0M | $5,000,000 | 0% |
| 11 | Dakota Business Lending Certified development company · Fargo, ND | 1 | $571K | $571,000 | 0% |
| 12 | National Bank of Commerce Bank · Superior, WI | 1 | $350K | $350,000 | 0% |
| 13 | BankVista Bank · Sartell, MN | 1 | $150K | $150,000 | 100% |
| 14 | Newtek Bank Bank · Miami, FL | 1 | $100K | $100,000 | 0% |
| 15 | Celtic Bank Bank · Salt Lake City, UT | 1 | $86K | $86,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 11 | $621,000 | Midwest Business Finance | |
| Retail | 9 | $200,000 | First Western Bank & Trust | |
| Construction | 7 | $250,000 | Old National Bank | |
| Other services (repair, personal care) | 6 | $398,500 | Old National Bank | |
| Manufacturing | 4 | $425,000 | Vantage Bank | |
| Transportation and warehousing | 4 | $48,800 | Old National Bank | |
| Health care and social assistance | 2 | $105,000 | Celtic Bank | |
| Education | 2 | $212,750 | Bell Bank |