SBA Loans for All Other Miscellaneous Wood Product Manufacturing in Minnesota: Top Lenders
NAICS 321NAICS 321 covers all other miscellaneous wood product manufacturing businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Minnesota
Median Loan Size
$70,000
per approval
Recent Activity
0
last 90 days through Feb 2024
NAICS 321 covers all other miscellaneous wood product manufacturing businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $70,000.
Key trends & insights
- All Other Miscellaneous Wood Product Manufacturing in Minnesota lending is concentrated — Highland Bank, Security Bank USA, Hiawatha National Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Highland Bank leads this industry with 1 approvals (20% market share) and a median loan of $70,000.
- All Other Miscellaneous Wood Product Manufacturing in Minnesota loans skew smaller than the SBA average at $70,000 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 2024-02-22 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for All Other Miscellaneous Wood Product Manufacturing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $70,000 | |
| 2 | 1 | $50,000 | |
| 3 | 1 | $5,000,000 | |
| 4 | 1 | $60,000 | |
| 5 | 1 | $150,000 |
Recent SBA 7(a) approvals for All Other Miscellaneous Wood Product Manufacturing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | U.S. Bank, National Association | HOL*****LLC | BAUDETTE, MN | $10,000 |
| 2024-02 | First Bank & Trust | HAD*****INC | HOPKINS, MN | $150,000 |
| 2023-08 | Security Bank USA | Bit*****LLC | BAGLEY, MN | $50,000 |
| 2022-05 | Minnwest Bank | Nor*****LLC | MINNEAPOLIS, MN | $60,000 |
| 2022-03 | Highland Bank | Woo*****LLC | Minneapolis, MN | $70,000 |
| 2021-07 | Hiawatha National Bank | Com*****LLC | HAMEL, MN | $5,000,000 |
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