79 SBA loans worth $25.9M went to businesses in Bemidji, MN between October 2021 and June 2026, from 11 lenders. Security Bank USA made the most, 45 loans. The median loan was $120,000, compared with $212,000 across Minnesota, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Security Bank USA Bank · Bemidji, MN | 45 | $7.9M | $75,200 | 51% |
| 2 | Ultima Bank Minnesota Bank · Winger, MN | 13 | $2.3M | $135,000 | 15% |
| 3 | Midwest Business Finance Certified development company · St. Cloud, MN | 7 | $10.5M | $694,000 | 14% |
| 4 | Central Minnesota Development Certified development company · Andover, MN | 5 | $2.4M | $320,000 | 0% |
| 5 | Newtek Bank Bank · Miami, FL | 2 | $500K | $250,000 | 0% |
| 6 | Affinity Plus FCU Credit union · St. Paul, MN | 2 | $485K | $242,500 | 0% |
| 7 | Choice Financial Group Bank · Fargo, ND | 1 | $975K | $975,000 | 0% |
| 8 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $417K | $417,000 | 0% |
| 9 | Huntington National Bank Bank · Columbus, OH | 1 | $150K | $150,000 | 100% |
| 10 | BankVista Bank · Sartell, MN | 1 | $100K | $100,000 | 0% |
| 11 | First National Bank of Bemidji Bank · Bemidji, MN | 1 | $100K | $100,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 14 | $294,500 | Ultima Bank Minnesota | |
| Restaurants and hotels | 11 | $150,000 | Security Bank USA | |
| Construction | 9 | $125,000 | Security Bank USA | |
| Wholesale trade | 8 | $100,000 | Security Bank USA | |
| Transportation and warehousing | 7 | $36,800 | Security Bank USA | |
| Agriculture, forestry and fishing | 6 | $60,100 | Security Bank USA | |
| Other services (repair, personal care) | 5 | $240,000 | Ultima Bank Minnesota | |
| Administrative and support services | 5 | $115,000 | Security Bank USA |