SBA Loans for Medicinal and Botanical Manufacturing in Minnesota: Top Lenders
NAICS 325NAICS 325 covers medicinal and botanical manufacturing businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Minnesota
Median Loan Size
$635,000
per approval
Recent Activity
0
last 90 days through Dec 2021
NAICS 325 covers medicinal and botanical manufacturing businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $635,000.
Key trends & insights
- SBA data for this industry goes through 2021-12-21 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Medicinal and Botanical Manufacturing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $635,000 |
Recent SBA 7(a) approvals for Medicinal and Botanical Manufacturing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | 21st Century Bank | HiB****nc. | MINNEAPOLIS, MN | $300,000 |
| 2025-11 | 21st Century Bank | HiB****nc. | MINNEAPOLIS, MN | $650,000 |
| 2025-09 | U.S. Bank, National Association | Sym*****LLC | BURNSVILLE, MN | $3,561,200 |
| 2025-06 | CorTrust Bank National Association | Eni*****nc. | PLYMOUTH, MN | $1,300,000 |
| 2024-06 | Frandsen Bank and Trust | Mos*****eld | Dayton, MN | $150,000 |
| 2023-08 | 21st Century Bank | Ty****LLC | SAINT PAUL, MN | $200,000 |
| 2023-05 | The Huntington National Bank | Nom*****.C. | Minneapolis, MN | $135,600 |
| 2023-02 | Platinum Bank | Nom*****NC. | MINNEAPOLIS, MN | $250,000 |
| 2022-07 | CorTrust Bank National Association | INN*****NC. | COTTAGE GROVE, MN | $300,000 |
| 2022-04 | Choice Financial Group | Eni*****nc. | Plymouth, MN | $1,300,000 |
| 2021-12 | Byline Bank | For*****LLC | WACONIA, MN | $635,000 |
| 2021-08 | The Bank of Elk River | BCS*****LLC | ANDOVER, MN | $1,673,700 |
| 2020-12 | Choice Financial Group | Eni*****nc. | MINNEAPOLIS, MN | $200,000 |
| 2020-12 | Choice Financial Group | Eni*****nc. | MINNEAPOLIS, MN | $1,000,000 |
| 2020-11 | Choice Financial Group | Eni*****nc. | MINNEAPOLIS, MN | $1,000,000 |
| 2020-09 | CorTrust Bank National Association | INN*****NC. | COTTAGE GROVE, MN | $200,000 |
| 2020-09 | CorTrust Bank National Association | INN*****NC. | COTTAGE GROVE, MN | $200,000 |
| 2020-06 | U.S. Bank, National Association | IMM*****LLC | MINNEAPOLIS, MN | $100,000 |
| 2020-03 | 21st Century Bank | Ty****LLC | SAINT PAUL, MN | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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