41 SBA loans worth $23.3M went to businesses in Inver Grove Heights, MN between October 2021 and June 2026, from 22 lenders. U.S. Bank made the most, 7 loans. The median loan was $150,000, compared with $212,000 across Minnesota, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 7 | $945K | $40,000 | 14% |
| 2 | Old National Bank Bank · Evansville, IN | 3 | $1.8M | $588,000 | 0% |
| 3 | Hiawatha National Bank Bank · Hager City, WI | 3 | $1.0M | $99,000 | 67% |
| 4 | 21st Century Bank Bank · Loretto, MN | 3 | $522K | $150,000 | 0% |
| 5 | Minnwest Bank Bank · Redwood Falls, MN | 2 | $4.0M | $2,000,000 | 0% |
| 6 | Byline Bank Bank · Chicago, IL | 2 | $3.8M | $1,910,000 | 50% |
| 7 | Central Minnesota Development Certified development company · Andover, MN | 2 | $2.8M | $1,423,500 | 50% |
| 8 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $1.5M | $745,500 | 0% |
| 9 | Premier Bank Minnesota Bank · Hastings, MN | 2 | $170K | $85,000 | 100% |
| 10 | MY CU Credit union · Bloomington, MN | 2 | $104K | $52,250 | 0% |
| 11 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $55K | $27,500 | 100% |
| 12 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $2.5M | $2,503,000 | 100% |
| 13 | Hancock Whitney Bank Bank · Gulfport, MS | 1 | $2.0M | $2,000,000 | 0% |
| 14 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $911K | $911,000 | 100% |
| 15 | First State Bank of Rosemount Bank · Rosemount, MN | 1 | $350K | $350,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 9 | $150,000 | Premier Bank Minnesota | |
| Construction | 7 | $100,000 | 21st Century Bank | |
| Restaurants and hotels | 7 | $889,000 | U.S. Bank | |
| Manufacturing | 4 | $1,019,500 | Central Minnesota Development | |
| Professional and technical services | 4 | $169,500 | U.S. Bank | |
| Administrative and support services | 2 | $54,000 | Choice Financial Group | |
| Transportation and warehousing | 2 | $52,250 | MY CU | |
| Retail | 2 | $1,710,000 | Minnwest Bank |