SBA Loans for Support Activities for Animal Production in Minnesota: Top Lenders
NAICS 115NAICS 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
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $45,950 | |
| 2 | 2 | $165,500 | |
| 3 | 2 | $88,000 | |
| 4 | 1 | $147,100 | |
| 5 | 1 | $30,000 |
Recent SBA 7(a) approvals for Support Activities for Animal Production in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2021-07 | Members Cooperative Credit Union | Swe*****LLC | DULUTH, MN | $20,000 |
| 2021-03 | Red River State Bank | Asl*****LLC | HALSTAD, MN | $281,000 |
| 2021-03 | Security Bank Minnesota | Str*****LLC | WELLS, MN | $100,000 |
| 2021-02 | Granite Bank | 1-2*****LLC | DAYTON, MN | $30,000 |
| 2021-02 | United Prairie Bank | Abs*****LLC | AUSTIN, MN | $147,100 |
| 2020-11 | Northeast Entrepreneur Fund, Inc. | Hul*****ice | Two Harbors, MN | $52,200 |
| 2020-08 | Security Bank Minnesota | Str*****LLC | WALTERS, MN | $76,000 |
| 2020-06 | Red River State Bank | Tom*****LLC | HENDRUM, MN | $50,000 |
| 2020-05 | Security Bank USA | Fir*****ice | NEVIS, MN | $57,900 |
| 2020-05 | Security Bank USA | Jus*****LLP | BEMIDJI, MN | $34,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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