30 SBA loans worth $19.8M went to businesses in South Saint Paul, MN between October 2021 and June 2026, from 17 lenders. Amplio Economic Development made the most, 4 loans. The median loan was $228,250, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Amplio Economic Development Certified development company · Arden Hills, MN | 4 | $3.8M | $699,000 | 0% |
| 2 | WBD Certified development company · Madison, WI | 3 | $3.4M | $799,000 | 33% |
| 3 | Drake Bank Bank · St. Paul, MN | 3 | $2.4M | $123,000 | 0% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 3 | $1.9M | $125,000 | 0% |
| 5 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $2.3M | $1,143,500 | 0% |
| 6 | Northeast Bank Bank · Minneapolis, MN | 2 | $785K | $392,500 | 0% |
| 7 | Hiawatha National Bank Bank · Hager City, WI | 2 | $365K | $182,500 | 50% |
| 8 | Highland Bank Bank · St. Paul, MN | 2 | $100K | $50,000 | 50% |
| 9 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $2.0M | $2,004,000 | 0% |
| 10 | First Bank of the Lake Bank · Osage Beach, MO | 1 | $810K | $810,000 | 100% |
| 11 | Byline Bank Bank · Chicago, IL | 1 | $780K | $780,000 | 0% |
| 12 | First Bank & Trust Bank · Brookings, SD | 1 | $445K | $444,800 | 100% |
| 13 | Bridgewater Bank Bank · St. Louis Park, MN | 1 | $254K | $254,000 | 100% |
| 14 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 1 | $246K | $246,500 | 100% |
| 15 | Central Minnesota Development Certified development company · Andover, MN | 1 | $171K | $171,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 5 | $100,000 | Frandsen Bank and Trust | |
| Restaurants and hotels | 4 | $224,250 | Amplio Economic Development | |
| Professional and technical services | 4 | $1,497,500 | WBD | |
| Retail | 3 | $1,064,000 | Twin Cities-Metro Certified Development | |
| Arts, entertainment and recreation | 3 | $810,000 | Drake Bank | |
| Manufacturing | 3 | $334,000 | U.S. Bank | |
| Education | 2 | $50,000 | Highland Bank | |
| Transportation and warehousing | 2 | $182,500 | Hiawatha National Bank |