31 SBA loans worth $5.4M went to businesses in Wayzata, MN between October 2021 and June 2026, from 17 lenders. U.S. Bank made the most, 10 loans. The median loan was $68,000, compared with $212,000 across Minnesota, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 10 | $798K | $32,500 | 20% |
| 2 | First Resource Bank Bank · Lino Lakes, MN | 2 | $467K | $233,350 | 0% |
| 3 | Citizens State Bank of La Crosse Bank · La Crosse, WI | 2 | $304K | $151,750 | 0% |
| 4 | Colony Bank Bank · Fitzgerald, GA | 2 | $224K | $111,750 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 2 | $118K | $59,000 | 0% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $30K | $15,000 | 100% |
| 7 | EntreBank Bank · Bloomington, MN | 1 | $876K | $875,900 | 100% |
| 8 | Granite Bank Bank · Cold Spring, MN | 1 | $844K | $843,500 | 0% |
| 9 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $604K | $604,000 | 0% |
| 10 | Newtek Bank Bank · Miami, FL | 1 | $350K | $350,000 | 0% |
| 11 | Associated Bank Bank · Green Bay, WI | 1 | $250K | $250,000 | 0% |
| 12 | Sunrise Banks Bank · Sioux Falls, SD | 1 | $175K | $175,000 | 0% |
| 13 | Alerus Financial Bank · Grand Forks, ND | 1 | $150K | $150,000 | 0% |
| 14 | Heritage Bank Bank · Burlington, KY | 1 | $74K | $74,000 | 0% |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $74K | $74,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 5 | $74,000 | U.S. Bank | |
| Retail | 4 | $42,500 | First Resource Bank | |
| Real estate and rental | 3 | $175,000 | Newtek Bank | |
| Education | 3 | $50,000 | Citizens State Bank of La Crosse | |
| Construction | 3 | $25,000 | U.S. Bank | |
| Wholesale trade | 3 | $60,000 | U.S. Bank | |
| Information and media | 3 | $74,000 | Heritage Bank | |
| Other services (repair, personal care) | 2 | $231,600 | U.S. Bank |