34 SBA loans worth $16.6M went to businesses in Waite Park, MN between October 2021 and June 2026, from 9 lenders. Falcon National Bank made the most, 7 loans. The median loan was $301,500, compared with $212,000 across Minnesota, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Falcon National Bank Bank · Foley, MN | 7 | $5.0M | $388,000 | 29% |
| 2 | Midwest Business Finance Certified development company · St. Cloud, MN | 7 | $3.6M | $463,000 | 0% |
| 3 | Kensington Bank Bank · Kensington, MN | 6 | $1.6M | $150,000 | 17% |
| 4 | St Cloud Financial Credit Union Credit union · Sartell, MN | 4 | $2.9M | $318,950 | 25% |
| 5 | BankVista Bank · Sartell, MN | 3 | $428K | $143,000 | 100% |
| 6 | Associated Bank Bank · Green Bay, WI | 2 | $1.2M | $589,500 | 50% |
| 7 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $568K | $283,750 | 0% |
| 8 | Old National Bank Bank · Evansville, IN | 2 | $308K | $153,900 | 50% |
| 9 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $991K | $991,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 8 | $303,000 | BankVista | |
| Other services (repair, personal care) | 7 | $229,000 | St Cloud Financial Credit Union | |
| Retail | 5 | $250,000 | Kensington Bank | |
| Restaurants and hotels | 4 | $689,500 | Falcon National Bank | |
| Wholesale trade | 3 | $125,000 | Kensington Bank | |
| Manufacturing | 3 | $353,000 | Midwest Business Finance | |
| Real estate and rental | 2 | $65,000 | Falcon National Bank | |
| Arts, entertainment and recreation | 1 | $448,000 | Falcon National Bank |