25 SBA loans worth $9.9M went to businesses in Pine City, MN between October 2021 and June 2026, from 9 lenders. Frandsen Bank and Trust made the most, 7 loans. The median loan was $300,000, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Frandsen Bank and Trust Bank · Lonsdale, MN | 7 | $4.4M | $685,000 | 29% |
| 2 | Stearns Bank Bank · St. Cloud, MN | 5 | $1.7M | $335,000 | 40% |
| 3 | Midwest Business Finance Certified development company · St. Cloud, MN | 3 | $1.9M | $357,000 | 0% |
| 4 | Bell Bank Bank · Fargo, ND | 3 | $402K | $174,500 | 67% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 3 | $122K | $40,000 | 33% |
| 6 | WBD Certified development company · Madison, WI | 1 | $687K | $687,000 | 100% |
| 7 | Members Cooperative Credit Union Credit union · Duluth, MN | 1 | $270K | $269,900 | 100% |
| 8 | BankVista Bank · Sartell, MN | 1 | $257K | $257,400 | 0% |
| 9 | Celtic Bank Bank · Salt Lake City, UT | 1 | $100K | $100,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 4 | $162,500 | Frandsen Bank and Trust | |
| Retail | 4 | $611,850 | Stearns Bank | |
| Manufacturing | 4 | $176,100 | Bell Bank | |
| Restaurants and hotels | 4 | $522,000 | Members Cooperative Credit Union | |
| Administrative and support services | 3 | $732,000 | Frandsen Bank and Trust | |
| Health care and social assistance | 3 | $257,400 | Stearns Bank | |
| Other services (repair, personal care) | 1 | $400,000 | Stearns Bank | |
| Professional and technical services | 1 | $100,000 | Celtic Bank |