38 SBA loans worth $8.4M went to businesses in Cottage Grove, MN between October 2021 and June 2026, from 17 lenders. U.S. Bank made the most, 9 loans. The median loan was $140,250, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 9 | $945K | $25,000 | 44% |
| 2 | Huntington National Bank Bank · Columbus, OH | 6 | $709K | $122,000 | 67% |
| 3 | Hiawatha National Bank Bank · Hager City, WI | 4 | $831K | $218,200 | 75% |
| 4 | CorTrust Bank Bank · Mitchell, SD | 3 | $420K | $80,000 | 0% |
| 5 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 2 | $1.9M | $943,000 | 50% |
| 6 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $1.1M | $532,000 | 0% |
| 7 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $30K | $15,000 | 100% |
| 8 | WBD Certified development company · Madison, WI | 1 | $928K | $928,000 | 0% |
| 9 | Old National Bank Bank · Evansville, IN | 1 | $343K | $343,000 | 100% |
| 10 | Lake Elmo Bank Bank · Lake Elmo, MN | 1 | $318K | $317,600 | 0% |
| 11 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $265K | $265,000 | 100% |
| 12 | BankVista Bank · Sartell, MN | 1 | $200K | $200,000 | 100% |
| 13 | Choice Financial Group Bank · Fargo, ND | 1 | $200K | $200,000 | 100% |
| 14 | Premier Bank Minnesota Bank · Hastings, MN | 1 | $100K | $100,000 | 0% |
| 15 | Platinum Bank Bank · Oakdale, MN | 1 | $100K | $100,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 6 | $75,000 | U.S. Bank | |
| Arts, entertainment and recreation | 5 | $200,000 | Choice Financial Group | |
| Transportation and warehousing | 5 | $145,000 | Hiawatha National Bank | |
| Administrative and support services | 4 | $31,500 | U.S. Bank | |
| Health care and social assistance | 4 | $281,400 | U.S. Bank | |
| Manufacturing | 4 | $309,500 | Twin Cities-Metro Certified Development | |
| Restaurants and hotels | 3 | $328,000 | Amplio Economic Development | |
| Professional and technical services | 2 | $476,500 | U.S. Bank |