122 SBA loans worth $55.9M went to businesses in St. Cloud, MN between October 2021 and June 2026, from 31 lenders. Falcon National Bank made the most, 16 loans. The median loan was $249,500, compared with $212,000 across Minnesota, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Falcon National Bank Bank · Foley, MN | 16 | $7.3M | $353,400 | 44% |
| 2 | Midwest Business Finance Certified development company · St. Cloud, MN | 15 | $14.9M | $622,000 | 0% |
| 3 | BankVista Bank · Sartell, MN | 13 | $4.2M | $150,000 | 23% |
| 4 | Stearns Bank Bank · St. Cloud, MN | 8 | $2.9M | $232,500 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 8 | $604K | $40,000 | 38% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 7 | $2.1M | $30,000 | 29% |
| 7 | Old National Bank Bank · Evansville, IN | 6 | $3.5M | $464,850 | 67% |
| 8 | Sentry Bank Bank · St. Joseph, MN | 6 | $1.8M | $125,000 | 50% |
| 9 | St Cloud Financial Credit Union Credit union · Sartell, MN | 4 | $3.0M | $292,900 | 25% |
| 10 | Magnifi Financial CU Credit union · Melrose, MN | 4 | $1.2M | $325,000 | 25% |
| 11 | Minnwest Bank Bank · Redwood Falls, MN | 3 | $905K | $350,000 | 33% |
| 12 | Kensington Bank Bank · Kensington, MN | 3 | $335K | $75,000 | 100% |
| 13 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $85K | $20,000 | 100% |
| 14 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $1.6M | $798,500 | 100% |
| 15 | Farmers and Merchants Savings Bank Bank · Manchester, IA | 2 | $1.5M | $742,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 20 | $150,000 | Sentry Bank | |
| Health care and social assistance | 18 | $239,350 | Old National Bank | |
| Manufacturing | 17 | $500,000 | BankVista | |
| Restaurants and hotels | 15 | $467,700 | Midwest Business Finance | |
| Transportation and warehousing | 14 | $87,500 | BankVista | |
| Construction | 11 | $350,000 | Falcon National Bank | |
| Professional and technical services | 9 | $71,300 | U.S. Bank | |
| Wholesale trade | 5 | $150,000 | Huntington National Bank |