56 SBA loans worth $19.7M went to businesses in Minnetonka, MN between October 2021 and June 2026, from 26 lenders. U.S. Bank made the most, 11 loans. The median loan was $181,500, compared with $212,000 across Minnesota, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 11 | $1.1M | $40,000 | 36% |
| 2 | First Resource Bank Bank · Lino Lakes, MN | 5 | $958K | $150,000 | 60% |
| 3 | Old National Bank Bank · Evansville, IN | 4 | $3.7M | $667,000 | 0% |
| 4 | BankVista Bank · Sartell, MN | 4 | $1.0M | $162,500 | 0% |
| 5 | Coulee Bank Bank · La Crosse, WI | 3 | $1.3M | $300,000 | 33% |
| 6 | Platinum Bank Bank · Oakdale, MN | 3 | $834K | $284,200 | 100% |
| 7 | Huntington National Bank Bank · Columbus, OH | 3 | $97K | $36,600 | 67% |
| 8 | Choice Financial Group Bank · Fargo, ND | 2 | $1.3M | $637,500 | 0% |
| 9 | EntreBank Bank · Bloomington, MN | 2 | $758K | $379,000 | 50% |
| 10 | Highland Bank Bank · St. Paul, MN | 2 | $700K | $350,000 | 0% |
| 11 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $300K | $150,000 | 0% |
| 12 | Pathward Bank · Sioux Falls, SD | 1 | $2.1M | $2,060,000 | 100% |
| 13 | Frandsen Bank and Trust Bank · Lonsdale, MN | 1 | $1.5M | $1,513,000 | 0% |
| 14 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $1.2M | $1,151,000 | 0% |
| 15 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $616K | $616,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 9 | $255,000 | U.S. Bank | |
| Health care and social assistance | 8 | $162,500 | BankVista | |
| Construction | 8 | $150,000 | First Resource Bank | |
| Restaurants and hotels | 6 | $312,500 | U.S. Bank | |
| Wholesale trade | 4 | $175,000 | CorTrust Bank | |
| Administrative and support services | 4 | $50,000 | Platinum Bank | |
| Arts, entertainment and recreation | 3 | $40,000 | U.S. Bank | |
| Other services (repair, personal care) | 3 | $265,500 | U.S. Bank |