MyLenderPilot

SBA Loans for Support Activities for Animal Production in Minnesota: Top Lenders

NAICS 115

NAICS 115 covers support activities for animal production businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

8

in Minnesota

Median Loan Size

$66,950

per approval

Recent Activity

0

last 90 days through Mar 2021

NAICS 115 covers support activities for animal production businesses. This is a smaller category in SBA 7(a) lending with 8 approvals on record and a median loan size of $66,950.

Key trends & insights

  • Support Activities for Animal Production in Minnesota lending is concentrated — Security Bank USA, RED River State Bank, Security Bank Minnesota together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Security Bank USA leads this industry with 2 approvals (25% market share) and a median loan of $45,950.
  • Support Activities for Animal Production in Minnesota loans skew smaller than the SBA average at $66,950 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 2021-03-22 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Support Activities for Animal Production in Minnesota

#LenderApprovalsMedian Size
1
Security Bank USA
2$45,950
2
RED River State Bank
2$165,500
3
Security Bank Minnesota
2$88,000
4
United Prairie Bank
1$147,100
5
Granite Bank
1$30,000

Recent SBA 7(a) approvals for Support Activities for Animal Production in Minnesota

MonthLenderBorrowerAmount
2024-06Newtek Bank, National AssociationCro*****ion$525,000
2023-10Security Bank MinnesotaStr*****LLC$100,000
2023-09Red River State BankHug*****LLC$44,500
2022-12Citizens Bank & Trust CoASI*****LLC$500,000
2022-01Magnifi Financial CUGib*****Inc$1,603,500
2021-08United Prairie BankAbs*****LLC$181,000
2021-08First National BankPRO*****LLC$400,000
2021-07Magnifi Financial CUPfl*****LLC$557,600
2021-07Red River State BankAir*****Inc$1,100,000
2021-07Members Cooperative Credit UnionSwe*****LLC$20,000
2021-04Bank MidwestM &*****LLC$270,000
2021-03Security Bank MinnesotaStr*****LLC$100,000
2021-03Red River State BankAsl*****LLC$281,000
2021-03Red River State BankAir*****Inc$1,100,000
2021-03Magnifi Financial CUGib*****Inc$125,000
2021-02Granite Bank1-2*****LLC$30,000
2021-02United Prairie BankAbs*****LLC$147,100
2021-01Security Bank USAJus*****LLP$37,500
2020-11Northeast Entrepreneur Fund, Inc.Hul*****ice$52,200
2020-09Red River State BankHor*****LLC$165,000
2020-09United Prairie BankAbs*****LLC$38,700
2020-0921st Century BankEli*****LLC$25,000
2020-09Red River State BankAsl*****LLC$92,000
2020-08Security Bank MinnesotaStr*****LLC$76,000
2020-06Red River State BankTom*****LLC$50,000
2020-05Security Bank USAFir*****ice$57,900
2020-05Security Bank USAJus*****LLP$34,000
2020-04United Prairie BankAbs*****LLC$300,000
2020-03Bank MidwestFro*****LLC$204,000
2020-03Northeast Entrepreneur Fund, Inc.Hul*****ice$38,600

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Save your lender shortlist & build your packet

Answer 2 more questions to refine your ranking and export a lender-ready packet.

Save & export my packet