SBA Loans for Other Heavy and Civil Engineering Construction in Minnesota: Top Lenders
NAICS 237NAICS 237 covers other heavy and civil engineering construction businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Minnesota
Median Loan Size
$350,000
per approval
Recent Activity
0
last 90 days through Apr 2024
NAICS 237 covers other heavy and civil engineering construction businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $350,000.
Key trends & insights
- Other Heavy and Civil Engineering Construction in Minnesota lending is concentrated — OLD National Bank, RED River State Bank, United Minnesota Bank together account for 54% of all approvals. If you're in this industry, these are your highest-probability lenders.
- OLD National Bank leads this industry with 3 approvals (23% market share) and a median loan of $850,900.
- SBA data for this industry goes through 2024-04-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Other Heavy and Civil Engineering Construction in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $850,900 | |
| 2 | 2 | $350,000 | |
| 3 | 2 | $315,500 | |
| 4 | 1 | $1,170,500 | |
| 5 | 1 | $325,000 | |
| 6 | 1 | $51,800 | |
| 7 | 1 | $1,980,000 | |
| 8 | 1 | $300,000 | |
| 9 | 1 | $300,000 |
Recent SBA 7(a) approvals for Other Heavy and Civil Engineering Construction in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | The Huntington National Bank | ROC*****LLC | Columbus, MN | $300,000 |
| 2024-02 | United Minnesota Bank | HOF*****LLC | WILLMAR, MN | $131,000 |
| 2023-04 | United Minnesota Bank | Lan*****LLC | PAYNESVILLE, MN | $500,000 |
| 2023-03 | The First National Bank of Henning | Leg*****nc. | Wadena, MN | $1,980,000 |
| 2023-02 | Old National Bank | Nor*****LLC | ELK RIVER, MN | $850,900 |
| 2023-02 | Old National Bank | Nor*****LLC | ELK RIVER, MN | $300,000 |
| 2022-08 | Red River State Bank | Ape*****LLC | BEJOU, MN | $350,000 |
| 2022-05 | Red River State Bank | Ape*****LLC | BEJOU, MN | $350,000 |
| 2022-02 | BankVista | KOM*****LLC | ELKO NEW MARKET, MN | $300,000 |
| 2021-02 | Northeast Entrepreneur Fund, Inc. | MES*****LLC | Chisholm, MN | $51,800 |
| 2021-02 | Northeast Entrepreneur Fund, Inc. | Cou*****LLC | Duluth, MN | $50,600 |
| 2020-12 | Minnwest Bank | CM***nc. | SHAKOPEE, MN | $50,000 |
| 2020-08 | Old National Bank | InS*****Inc | FOREST LAKE, MN | $1,438,000 |
| 2020-06 | Kerndt Brothers Savings Bank | Pho*****orp | Spring Grove, MN | $1,170,500 |
| 2020-05 | United Prairie Bank | MAC*****INC | NEW LONDON, MN | $325,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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