33 SBA loans worth $11.1M went to businesses in St. Michael, MN between October 2021 and June 2026, from 14 lenders. Bravera Bank made the most, 5 loans. The median loan was $145,500, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Bravera Bank Bank · Dickinson, ND | 5 | $145K | $25,000 | 40% |
| 2 | Highland Bank Bank · St. Paul, MN | 4 | $305K | $62,500 | 50% |
| 3 | U.S. Bank Bank · Cincinnati, OH | 4 | $171K | $37,500 | 25% |
| 4 | Nicolet National Bank Bank · Green Bay, WI | 3 | $3.0M | $935,000 | 0% |
| 5 | Amplio Economic Development Certified development company · Arden Hills, MN | 3 | $941K | $275,000 | 0% |
| 6 | Northeast Bank Bank · Portland, ME | 3 | $935K | $289,100 | 0% |
| 7 | Midwest Business Finance Certified development company · St. Cloud, MN | 2 | $1.3M | $668,000 | 0% |
| 8 | 21st Century Bank Bank · Loretto, MN | 2 | $565K | $282,650 | 50% |
| 9 | Old National Bank Bank · Evansville, IN | 2 | $204K | $101,750 | 100% |
| 10 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $2.0M | $2,025,000 | 100% |
| 11 | Drake Bank Bank · St. Paul, MN | 1 | $658K | $658,000 | 100% |
| 12 | First Bank & Trust Bank · Brookings, SD | 1 | $456K | $455,700 | 100% |
| 13 | Live Oak Banking Bank · Wilmington, NC | 1 | $350K | $350,000 | 0% |
| 14 | Huntington National Bank Bank · Columbus, OH | 1 | $36K | $35,800 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 9 | $128,500 | Old National Bank | |
| Health care and social assistance | 5 | $350,000 | Northeast Bank | |
| Construction | 5 | $90,000 | U.S. Bank | |
| Other services (repair, personal care) | 3 | $50,000 | Highland Bank | |
| Administrative and support services | 3 | $215,000 | First Bank & Trust | |
| Arts, entertainment and recreation | 2 | $282,650 | 21st Century Bank | |
| Retail | 2 | $708,250 | Nicolet National Bank | |
| Education | 1 | $60,000 | Bravera Bank |