SBA Loans for Logging in Minnesota: Top Lenders
NAICS 113NAICS 113 covers logging businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Minnesota
Median Loan Size
$80,000
per approval
Recent Activity
0
last 90 days through Feb 2024
NAICS 113 covers logging businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $80,000.
Key trends & insights
- Logging in Minnesota lending is concentrated — THE Citizens National Bank OF Park Rapids, Security Bank USA, Choice Financial Group together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Citizens National Bank OF Park Rapids leads this industry with 1 approvals (33% market share) and a median loan of $190,300.
- Logging in Minnesota loans skew smaller than the SBA average at $80,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2024-02-09 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Logging in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $190,300 | |
| 2 | 1 | $38,000 | |
| 3 | 1 | $80,000 |
Recent SBA 7(a) approvals for Logging in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-02 | Choice Financial Group | Bra*****LLC | VIRGINIA, MN | $80,000 |
| 2022-08 | Security Bank USA | DK *****LLC | PUPOSKY, MN | $38,000 |
| 2020-08 | The Citizens National Bank of Park Rapids | HOD*****INC | MENAHGA, MN | $190,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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