26 SBA loans worth $10.2M went to businesses in Cedar, MN between October 2021 and June 2026, from 13 lenders. U.S. Bank made the most, 5 loans. The median loan was $243,400, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 5 | $98K | $18,000 | 80% |
| 2 | Central Minnesota Development Certified development company · Andover, MN | 4 | $1.7M | $406,000 | 25% |
| 3 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 2 | $3.1M | $1,529,500 | 0% |
| 4 | Falcon National Bank Bank · Foley, MN | 2 | $2.2M | $1,093,550 | 0% |
| 5 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $1.2M | $576,000 | 0% |
| 6 | Village Bank Bank · St. Francis, MN | 2 | $455K | $227,550 | 0% |
| 7 | BankVista Bank · Sartell, MN | 2 | $314K | $157,000 | 0% |
| 8 | Pine River State Bank Bank · Pine River, MN | 2 | $87K | $43,550 | 50% |
| 9 | Northeast Bank Bank · Minneapolis, MN | 1 | $618K | $617,500 | 0% |
| 10 | Bank of Elk River Bank · Elk River, MN | 1 | $357K | $357,000 | 100% |
| 11 | CorTrust Bank Bank · Mitchell, SD | 1 | $84K | $83,500 | 0% |
| 12 | 21st Century Bank Bank · Loretto, MN | 1 | $50K | $50,000 | 0% |
| 13 | Wells Fargo Bank Bank · Sioux Falls, SD | 1 | $15K | $15,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 6 | $359,500 | U.S. Bank | |
| Other services (repair, personal care) | 5 | $219,000 | Central Minnesota Development | |
| Construction | 5 | $187,300 | Amplio Economic Development | |
| Administrative and support services | 3 | $27,200 | U.S. Bank | |
| Professional and technical services | 2 | $157,000 | BankVista | |
| Retail | 2 | $482,800 | Falcon National Bank | |
| Health care and social assistance | 1 | $2,697,000 | Twin Cities-Metro Certified Development | |
| Agriculture, forestry and fishing | 1 | $15,000 | Wells Fargo Bank |