SBA Loans for Electrical Contractors in Minnesota: Top Lenders
NAICS 238NAICS 238 covers roofing contractors businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
178
in Minnesota
Median Loan Size
$100,000
per approval
Recent Activity
10
last 90 days through Dec 2025
NAICS 238 covers roofing contractors businesses. This is a moderately active sector for SBA 7(a) lending with 178 approvals and a median loan size of $100,000.
Key trends & insights
- Electrical Contractors in Minnesota lending is concentrated — U.s. Bank, National Association, Bankvista, THE Huntington National Bank together account for 52% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 44 approvals (31% market share) and a median loan of $30,000.
- Electrical Contractors in Minnesota loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 44 | $30,000 | |
| 2 | 15 | $180,000 | |
| 3 | 15 | $59,000 | |
| 4 | 11 | $933,000 | |
| 5 | 7 | $87,700 | |
| 6 | 6 | $40,000 | |
| 7 | 6 | $447,500 | |
| 8 | 6 | $1,137,750 | |
| 9 | 5 | $100,000 | |
| 10 | 4 | $585,000 | |
| 11 | 3 | $1,125,000 | |
| 12 | 3 | $137,200 | |
| 13 | 3 | $305,000 | |
| 14 | 3 | $300,000 | |
| 15 | 2 | $2,150,000 | |
| 16 | 2 | $126,250 | |
| 17 | 2 | $125,000 | |
| 18 | 2 | $73,700 | |
| 19 | 2 | $205,500 | |
| 20 | 2 | $790,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | U.S. Bank, National Association | HIG***** CO | LONG LAKE, MN | $50,000 |
| 2025-12 | BankVista | GSW*****.C. | GOOD THUNDER, MN | $163,300 |
| 2025-12 | U.S. Bank, National Association | GOR*****LLC | HUGO, MN | $10,000 |
| 2025-11 | Readycap Lending, LLC | Emp*****LLC | EDEN PRAIRIE, MN | $50,000 |
| 2025-11 | American National Bank | Cut*****nc. | MAPLE GROVE, MN | $699,000 |
| 2025-11 | The Huntington National Bank | Leg*****LLC | MONTICELLO, MN | $150,000 |
| 2025-11 | American National Bank | Cut*****nc. | MAPLE GROVE, MN | $50,000 |
| 2025-11 | Citizens Community Federal National Association | Wil*****LLC | Buffalo, MN | $1,150,000 |
| 2025-09 | First State Bank and Trust | Zol*****LLC | SAINT PAUL, MN | $50,000 |
| 2025-08 | BankVista | BLU*****LLC | RICE, MN | $75,000 |
| 2025-08 | BankVista | BLU*****LLC | RICE, MN | $600,000 |
| 2025-08 | Drake Bank | Pai*****nc. | Saint Paul, MN | $720,100 |
| 2025-08 | Granite Bank | SPE*****ion | Champlin, MN | $20,000 |
| 2025-07 | United Midwest Savings Bank National Association | Bos*****LLC | Lake Elmo, MN | $275,000 |
| 2025-07 | U.S. Bank, National Association | Off*****LLC | BECKER, MN | $361,400 |
| 2025-07 | U.S. Bank, National Association | BOS*****LLC | SAVAGE, MN | $20,000 |
| 2025-07 | BayFirst National Bank | Mor*****nc. | MINNEAPOLIS, MN | $100,000 |
| 2025-07 | U.S. Bank, National Association | RIV*****LLC | NORTH MANKATO, MN | $12,500 |
| 2025-06 | The Huntington National Bank | Pre*****nc. | Plymouth, MN | $18,300 |
| 2025-06 | The Huntington National Bank | Pre*****nc. | Plymouth, MN | $5,000 |
| 2025-06 | U.S. Bank, National Association | PRE*****LLC | PINE CITY, MN | $50,000 |
| 2025-06 | BankVista | SUN*****LLC | MANKATO, MN | $180,000 |
| 2025-06 | BankVista | SUN*****LLC | MANKATO, MN | $350,000 |
| 2025-06 | Security Bank USA | DE *****LLC | BEMIDJI, MN | $185,000 |
| 2025-06 | First Resource Bank | Cle*****LLC | Oakdale, MN | $690,000 |
| 2025-05 | Falcon National Bank | Sun*****nc. | EAST BETHEL, MN | $336,000 |
| 2025-05 | Falcon National Bank | Sun*****nc. | EAST BETHEL, MN | $75,000 |
| 2025-05 | 21st Century Bank | Nor*****Inc | ANDOVER, MN | $315,000 |
| 2025-05 | Citizens Community Federal National Association | Vik*****nc. | Spring Grove, MN | $2,800,000 |
| 2025-05 | First Resource Bank | KTB*****LLC | MINNETONKA, MN | $308,000 |
| 2025-05 | The Huntington National Bank | ONE*****LLC | HUGO, MN | $68,100 |
| 2025-05 | The Huntington National Bank | ONE*****LLC | HUGO, MN | $13,200 |
| 2025-05 | The Huntington National Bank | ONE*****LLC | HUGO, MN | $35,000 |
| 2025-04 | U.S. Bank, National Association | APE*****LLC | MINNEAPOLIS, MN | $45,000 |
| 2025-04 | Northeast Bank | BAC*****LLC | EDEN PRAIRIE, MN | $150,000 |
| 2025-04 | Northeast Bank | LAK*****LLC | BAXTER, MN | $150,000 |
| 2025-04 | Readycap Lending, LLC | Kub*****Inc | GRAND RAPIDS, MN | $1,372,500 |
| 2025-04 | The Huntington National Bank | EXP*****NC. | APPLE VALLEY, MN | $50,000 |
| 2025-03 | U.S. Bank, National Association | Acc*****LLP | PRINCETON, MN | $127,000 |
| 2025-03 | The First National Bank of Henning | Pre*****all | DETROIT LAKES, MN | $25,000 |
| 2025-03 | Union Bank and Trust Company | C.K*****nc. | Saint Paul, MN | $896,000 |
| 2025-03 | Minnwest Bank | Way****LLC | FARMINGTON, MN | $225,000 |
| 2025-03 | U.S. Bank, National Association | Acc*****LLP | PRINCETON, MN | $25,000 |
| 2025-03 | Bell Bank | Mos*****LLC | Two Harbors, MN | $117,800 |
| 2025-03 | BankVista | J &*****NC. | ROGERS, MN | $749,500 |
| 2025-03 | U.S. Bank, National Association | T-R*****LLC | LAKELAND, MN | $50,000 |
| 2025-03 | Bell Bank | Hau*****Inc | Moorhead, MN | $150,000 |
| 2025-03 | Northeast Bank | Esk*****LLC | Plummer, MN | $250,000 |
| 2025-03 | BankVista | GLA*****LLC | SAINT CLOUD, MN | $130,000 |
| 2025-03 | Bell Bank | Mos*****LLC | Two Harbors, MN | $25,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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