SBA Loans for Nursery and Tree Production in Minnesota: Top Lenders
NAICS 111NAICS 111 covers nursery and tree production businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Minnesota
Median Loan Size
$500,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 111 covers nursery and tree production businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $500,000.
Key trends & insights
- Nursery and Tree Production in Minnesota lending is concentrated — RED River State Bank, Highland Bank, Ultima Bank Minnesota together account for 77% of all approvals. If you're in this industry, these are your highest-probability lenders.
- RED River State Bank leads this industry with 6 approvals (46% market share) and a median loan of $1,665,000.
Most active SBA lenders for Nursery and Tree Production in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $1,665,000 | |
| 2 | 2 | $500,000 | |
| 3 | 2 | $165,000 | |
| 4 | 1 | $70,000 | |
| 5 | 1 | $32,800 | |
| 6 | 1 | $1,000,000 |
Recent SBA 7(a) approvals for Nursery and Tree Production in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-05 | Red River State Bank | Rob*****son | CLEARBROOK, MN | $2,500,000 |
| 2025-02 | Newtek Bank, National Association | Pra*****Inc | Princeton, MN | $1,000,000 |
| 2024-02 | Highland Bank | Lyn*****nc. | Maple Grove, MN | $500,000 |
| 2024-02 | Highland Bank | Lyn*****nc. | Maple Grove, MN | $500,000 |
| 2022-06 | Pine River State Bank | Tho*****uce | Nowthen, MN | $70,000 |
| 2021-08 | Ultima Bank Minnesota | Cha*****sen | FOSSTON, MN | $30,000 |
| 2021-07 | Ultima Bank Minnesota | Ada*****lum | BEJOU, MN | $52,000 |
| 2021-06 | Ultima Bank Minnesota | Alt*****PTR | FERTILE, MN | $300,000 |
| 2021-03 | Red River State Bank | Mic*****lte | HALSTAD, MN | $1,930,000 |
| 2021-02 | Red River State Bank | Rya*****ahl | PERHAM, MN | $2,376,000 |
| 2021-02 | Red River State Bank | Rya*****ahl | PERHAM, MN | $175,000 |
| 2021-02 | Red River State Bank | Ant*****ahl | PERHAM, MN | $2,376,000 |
| 2021-02 | Red River State Bank | Ant*****ahl | PERHAM, MN | $175,000 |
| 2021-02 | Welcome State Bank | Luc*****ler | WELCOME, MN | $32,800 |
| 2021-02 | Red River State Bank | Rob*****son | CLEARBROOK, MN | $1,400,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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