59 SBA loans worth $32.6M went to businesses in Savage, MN between October 2021 and June 2026, from 25 lenders. U.S. Bank made the most, 15 loans. The median loan was $255,000, 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 | 15 | $3.7M | $32,000 | 20% |
| 2 | Huntington National Bank Bank · Columbus, OH | 5 | $1.5M | $50,000 | 80% |
| 3 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 3 | $5.2M | $264,000 | 0% |
| 4 | Bell Bank Bank · Fargo, ND | 3 | $3.1M | $925,900 | 0% |
| 5 | Hiawatha National Bank Bank · Hager City, WI | 3 | $1.5M | $500,000 | 33% |
| 6 | Minnwest Bank Bank · Redwood Falls, MN | 3 | $1.5M | $500,000 | 33% |
| 7 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $951K | $206,400 | 67% |
| 8 | First Bank & Trust Bank · Brookings, SD | 3 | $400K | $150,500 | 100% |
| 9 | Old National Bank Bank · Evansville, IN | 2 | $3.1M | $1,558,650 | 0% |
| 10 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $2.2M | $1,111,500 | 50% |
| 11 | Platinum Bank Bank · Oakdale, MN | 2 | $1.9M | $950,000 | 0% |
| 12 | Highland Bank Bank · St. Paul, MN | 2 | $99K | $49,500 | 50% |
| 13 | BankCherokee Bank · St. Paul, MN | 1 | $3.1M | $3,137,500 | 0% |
| 14 | Frandsen Bank and Trust Bank · Lonsdale, MN | 1 | $1.6M | $1,613,700 | 0% |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $800K | $800,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 13 | $50,000 | U.S. Bank | |
| Other services (repair, personal care) | 12 | $125,000 | Huntington National Bank | |
| Professional and technical services | 7 | $250,000 | Hiawatha National Bank | |
| Wholesale trade | 5 | $800,000 | Minnwest Bank | |
| Real estate and rental | 4 | $914,750 | Bell Bank | |
| Retail | 4 | $450,700 | U.S. Bank | |
| Manufacturing | 4 | $526,000 | Platinum Bank | |
| Arts, entertainment and recreation | 3 | $466,000 | Lakeview Bank |