SBA Loans for Machine Shops in Minnesota: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
37
in Minnesota
Median Loan Size
$323,000
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 37 approvals on record and a median loan size of $323,000.
Key trends & insights
- OLD National Bank leads this industry with 8 approvals (22% market share) and a median loan of $312,500.
Most active SBA lenders for Machine Shops in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 8 | $312,500 | |
| 2 | 4 | $375,000 | |
| 3 | 4 | $417,900 | |
| 4 | 3 | $100,000 | |
| 5 | 2 | $324,000 | |
| 6 | 2 | $491,000 | |
| 7 | 1 | $80,000 | |
| 8 | 1 | $250,000 | |
| 9 | 1 | $1,737,200 | |
| 10 | 1 | $184,100 | |
| 11 | 1 | $425,000 | |
| 12 | 1 | $1,911,200 | |
| 13 | 1 | $323,000 | |
| 14 | 1 | $67,000 | |
| 15 | 1 | $50,000 | |
| 16 | 1 | $2,535,000 | |
| 17 | 1 | $15,000 | |
| 18 | 1 | $427,500 | |
| 19 | 1 | $1,148,300 | |
| 20 | 1 | $350,000 |
Recent SBA 7(a) approvals for Machine Shops in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Old National Bank | Ent*****LLC | JORDAN, MN | $764,100 |
| 2025-11 | Old National Bank | Ent*****LLC | JORDAN, MN | $65,000 |
| 2025-08 | Granite Bank | ROS*****LLC | MINNEAPOLIS, MN | $547,800 |
| 2025-08 | U.S. Bank, National Association | JT *****Inc | ST. LOUIS PARK, MN | $350,000 |
| 2025-08 | Community Savings Bank | Pur*****nc. | Shoreview, MN | $1,148,300 |
| 2025-06 | 21st Century Bank | Aut*****LLC | ANOKA, MN | $250,000 |
| 2025-02 | U.S. Bank, National Association | SAY*****TED | MINNEAPOLIS, MN | $1,651,500 |
| 2025-02 | U.S. Bank, National Association | SAY*****TED | MINNEAPOLIS, MN | $350,000 |
| 2025-02 | The Huntington National Bank | Nor*****any | Brooklyn Center, MN | $150,000 |
| 2025-02 | The Huntington National Bank | Nor*****any | Brooklyn Center, MN | $832,000 |
| 2025-01 | Highland Bank | Min*****nc. | LONSDALE, MN | $100,000 |
| 2024-12 | Coulee Bank | Las*****ion | Maple Plain, MN | $1,500,000 |
| 2024-11 | Readycap Lending, LLC | BT *****nc. | MINNEAPOLIS, MN | $50,000 |
| 2024-10 | Northeast Bank | Che*****LLC | St Paul, MN | $121,100 |
| 2024-08 | Hiawatha National Bank | Abi*****LLC | LITTLE FALLS, MN | $500,000 |
| 2024-07 | Bell Bank | Mad*****Inc | SCANDIA, MN | $250,000 |
| 2024-07 | BankVista | MOD*****NC. | EMILY, MN | $769,200 |
| 2024-07 | The Bank of Elk River | Big*****LLC | ANOKA, MN | $80,000 |
| 2024-05 | Old National Bank | Cen*****nc. | ROGERS, MN | $500,000 |
| 2024-05 | Old National Bank | Cen*****nc. | ROGERS, MN | $3,890,000 |
| 2024-03 | ProGrowth Bank | Ass*****nc. | North Mankato, MN | $50,000 |
| 2024-03 | Bell Bank | Mad*****Inc | Scandia, MN | $250,000 |
| 2024-03 | Bell Bank | Mad*****Inc | Scandia, MN | $1,737,200 |
| 2024-03 | Drake Bank | Ste*****nc. | SAINT MICHAEL, MN | $658,000 |
| 2024-03 | State Bank of Lake Park | Eli*****LLC | HITTERDAL, MN | $20,000 |
| 2024-01 | The Huntington National Bank | PD**LLC | MINNEAPOLIS, MN | $100,000 |
| 2023-11 | Security Savings Bank | Bac*****LLC | LUVERNE, MN | $150,000 |
| 2023-11 | Choice Financial Group | Nor*****LLC | MAPLE GROVE, MN | $670,500 |
| 2023-11 | Choice Financial Group | NOR*****INC | MAPLE GROVE, MN | $670,500 |
| 2023-08 | Security Savings Bank | Bac*****LLC | LUVERNE, MN | $67,000 |
| 2023-07 | Highland Bank | Min*****nc. | Lonsdale, MN | $395,000 |
| 2023-07 | Highland Bank | Min*****nc. | Lonsdale, MN | $500,000 |
| 2023-07 | Highland Bank | 195*****LLC | Lonsdale, MN | $1,305,000 |
| 2023-07 | Highland Bank | Min*****nc. | Lonsdale, MN | $2,250,000 |
| 2023-06 | Old National Bank | VVK*****LLC | LAKEVILLE, MN | $92,900 |
| 2023-03 | BankVista | CNC*****LLC | CHAMPLIN, MN | $300,000 |
| 2023-02 | BankVista | Jus*****nc. | MINNEAPOLIS, MN | $150,000 |
| 2023-02 | BankVista | Jus*****nc. | MINNEAPOLIS, MN | $350,000 |
| 2023-01 | Alliance Bank | Pom*****nc. | Minneapolis, MN | $930,000 |
| 2022-10 | Highland Bank | K &*****nc. | Maple Grove, MN | $50,000 |
| 2022-08 | Village Bank | Nex*****LLC | HAM LAKE, MN | $300,100 |
| 2022-07 | First Resource Bank | Qu**LLC | Lake Elmo, MN | $100,000 |
| 2022-07 | Hiawatha National Bank | Ste*****nc. | ELK RIVER, MN | $150,000 |
| 2022-06 | Falcon National Bank | Dou*****LLC | FOLEY, MN | $425,000 |
| 2022-06 | Kensington Bank | Int*****orp | ELK RIVER, MN | $250,000 |
| 2022-06 | Stearns Bank National Association | ADV*****LLC | ST. CLOUD, MN | $350,000 |
| 2022-04 | BankVista | CNC*****LLC | CHAMPLIN, MN | $100,000 |
| 2022-03 | BankVista | SAY*****TED | BLAINE, MN | $100,000 |
| 2022-03 | Celtic Bank Corporation | FAB*****any | North Branch, MN | $150,000 |
| 2022-03 | Heritage Bank, National Association | PAR*****INC | WILLMAR, MN | $300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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