118 SBA loans worth $71.1M went to businesses in Lakeville, MN between October 2021 and June 2026, from 39 lenders. Huntington National Bank made the most, 14 loans. The median loan was $250,000, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 14 | $1.6M | $52,000 | 36% |
| 2 | U.S. Bank Bank · Cincinnati, OH | 13 | $1.2M | $49,000 | 38% |
| 3 | BankVista Bank · Sartell, MN | 10 | $3.2M | $237,150 | 30% |
| 4 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 9 | $7.8M | $883,000 | 22% |
| 5 | Frandsen Bank and Trust Bank · Lonsdale, MN | 8 | $4.1M | $255,600 | 38% |
| 6 | Old National Bank Bank · Evansville, IN | 7 | $2.4M | $200,000 | 43% |
| 7 | Central Minnesota Development Certified development company · Andover, MN | 4 | $12.4M | $3,097,000 | 0% |
| 8 | Amplio Economic Development Certified development company · Arden Hills, MN | 4 | $4.0M | $835,500 | 0% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 3 | $4.4M | $190,000 | 0% |
| 10 | Highland Bank Bank · St. Paul, MN | 3 | $4.2M | $500,000 | 33% |
| 11 | Minnwest Bank Bank · Redwood Falls, MN | 3 | $874K | $324,000 | 0% |
| 12 | Merchants Bank Bank · Winona, MN | 3 | $225K | $75,000 | 33% |
| 13 | Quaint Oak Bank Bank · Southampton, PA | 2 | $3.2M | $1,625,000 | 0% |
| 14 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $2.9M | $1,437,500 | 50% |
| 15 | Bridgewater Bank Bank · St. Louis Park, MN | 2 | $2.6M | $1,291,000 | 50% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 19 | $143,000 | Huntington National Bank | |
| Health care and social assistance | 19 | $255,600 | BankVista | |
| Manufacturing | 12 | $754,250 | Central Minnesota Development | |
| Professional and technical services | 12 | $200,000 | Minnwest Bank | |
| Other services (repair, personal care) | 10 | $225,900 | Huntington National Bank | |
| Restaurants and hotels | 10 | $375,250 | BankVista | |
| Administrative and support services | 7 | $200,000 | Quaint Oak Bank | |
| Transportation and warehousing | 7 | $123,200 | Huntington National Bank |