SBA Loans for Electric Power Distribution in Minnesota: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Minnesota
Median Loan Size
$300,000
per approval
Recent Activity
0
last 90 days through Feb 2023
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $300,000.
Key trends & insights
- SBA data for this industry goes through 2023-02-28 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electric Power Distribution in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $300,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Northeast Bank | SPR*****NC. | watertown, MN | $79,100 |
| 2025-02 | First Resource Bank | Cen*****LLC | MINNEAPOLIS, MN | $300,000 |
| 2024-09 | BankVista | Min*****LLC | Chaska, MN | $150,000 |
| 2024-06 | Highland Bank | Ent*****LLC | MINNEAPOLIS, MN | $500,000 |
| 2023-09 | Pine River State Bank | Rum*****LLC | ELK RIVER, MN | $179,000 |
| 2023-02 | Coulee Bank | Dia*****LLC | MINNETONKA, MN | $300,000 |
| 2022-01 | BankVista | MIN*****LLC | CHASKA, MN | $20,000 |
| 2022-01 | BankVista | MIN*****LLC | CHASKA, MN | $45,000 |
| 2021-07 | Coulee Bank | Dia*****LLC | MINNETONKA, MN | $1,127,700 |
| 2021-07 | Coulee Bank | Dia*****LLC | MINNETONKA, MN | $1,705,000 |
| 2020-07 | Citizens Bank & Trust Co | Zep*****LLC | HUTCHINSON, MN | $700,000 |
| 2020-03 | First Citizens Bank | Mor*****LLC | MORA, MN | $60,000 |
| 2019-11 | Community First Bank | Rya*****hto | Menahga, MN | $120,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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