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SBA lenders in St. Joseph, MN

SBA 7(a) and 504 loans to businesses in St. Joseph (Stearns County), October 2021 to June 30, 2026 · Updated October 15, 2026
26
SBA loans approved
$19.3M
Total approved
$250,000
Median loan
7
Lenders active
23%
To startups

26 SBA loans worth $19.3M went to businesses in St. Joseph, MN between October 2021 and June 2026, from 7 lenders. Midwest Business Finance made the most, 9 loans. The median loan was $250,000, compared with $212,000 across Minnesota, and retail was the most financed industry.

Most active SBA lenders in St. Joseph

#LenderLoansApprovedMedian loanTo startups
1Midwest Business Finance
Certified development company · St. Cloud, MN
9$12.0M$639,00011%
2Minnwest Bank
Bank · Redwood Falls, MN
6$1.5M$176,00017%
3BankVista
Bank · Sartell, MN
4$1.9M$250,00025%
4Falcon National Bank
Bank · Foley, MN
3$3.5M$350,00067%
5Stearns Bank
Bank · St. Cloud, MN
2$99K$49,60050%
6BayFirst National Bank
Bank · St. Petersburg, FL
1$141K$140,8000%
7Magnifi Financial CU
Credit union · Melrose, MN
1$50K$50,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in St. Joseph. For 504 loans the lender shown is the certified development company.

What gets financed in St. Joseph

IndustryLoansShareMedian loanMost active lender
Retail9
35%
$347,000Falcon National Bank
Manufacturing5
19%
$201,000Midwest Business Finance
Restaurants and hotels4
15%
$117,000Minnwest Bank
Construction4
15%
$826,750Midwest Business Finance
Administrative and support services1
4%
$25,000Stearns Bank
Arts, entertainment and recreation1
4%
$639,000Midwest Business Finance
Other services (repair, personal care)1
4%
$140,800BayFirst National Bank
Transportation and warehousing1
4%
$3,175,000Midwest Business Finance
Loan size mix
  • Under $150,00031%
  • $150,000 to $500,00038%
  • $500,000 to $2 million19%
  • $2 million and up12%
Compared with Minnesota
Median loan, St. Joseph
$250,000
Median loan, Minnesota
$212,000
Startup share, St. Joseph
23%
Startup share, Minnesota
35%
Share of state's SBA loans
0.3%

SBA loans per fiscal year in St. Joseph

03710FY14: 8 loansFY14FY15: 7 loansFY15FY16: 9 loansFY16FY17: 2 loansFY17FY18: 5 loansFY18FY19: 7 loansFY19FY20: 6 loansFY20FY21: 10 loansFY2110FY22: 7 loansFY22FY23: 5 loansFY23FY24: 6 loansFY24FY25: 3 loansFY25FY26 (Oct to Jun): 5 loansFY265
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.