85 SBA loans worth $41.0M went to businesses in Andover, MN between October 2021 and June 2026, from 29 lenders. Granite Bank made the most, 9 loans. The median loan was $230,000, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Granite Bank Bank · Cold Spring, MN | 9 | $1.1M | $130,000 | 56% |
| 2 | Platinum Bank Bank · Oakdale, MN | 7 | $7.3M | $500,000 | 0% |
| 3 | BankVista Bank · Sartell, MN | 7 | $2.1M | $265,000 | 29% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 7 | $1.0M | $30,000 | 43% |
| 5 | 21st Century Bank Bank · Loretto, MN | 6 | $1.4M | $224,000 | 33% |
| 6 | Huntington National Bank Bank · Columbus, OH | 5 | $448K | $20,000 | 40% |
| 7 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 4 | $2.4M | $457,000 | 50% |
| 8 | Nicolet National Bank Bank · Green Bay, WI | 4 | $707K | $172,700 | 0% |
| 9 | Falcon National Bank Bank · Foley, MN | 3 | $1.9M | $388,300 | 33% |
| 10 | Bank of Elk River Bank · Elk River, MN | 3 | $631K | $250,000 | 67% |
| 11 | Village Bank Bank · St. Francis, MN | 3 | $591K | $159,000 | 33% |
| 12 | Northeast Bank Bank · Minneapolis, MN | 3 | $406K | $80,000 | 100% |
| 13 | First Bank & Trust Bank · Brookings, SD | 2 | $6.2M | $3,117,550 | 100% |
| 14 | Old National Bank Bank · Evansville, IN | 2 | $3.5M | $1,734,250 | 0% |
| 15 | Central Minnesota Development Certified development company · Andover, MN | 2 | $2.4M | $1,200,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 22 | $138,950 | U.S. Bank | |
| Other services (repair, personal care) | 12 | $262,000 | Platinum Bank | |
| Retail | 8 | $193,000 | BankVista | |
| Restaurants and hotels | 7 | $265,000 | BankVista | |
| Manufacturing | 6 | $500,000 | Platinum Bank | |
| Transportation and warehousing | 6 | $197,500 | Granite Bank | |
| Arts, entertainment and recreation | 5 | $132,200 | 21st Century Bank | |
| Health care and social assistance | 5 | $200,000 | Huntington National Bank |