SBA Loans for Wholesale Trade Agents and Brokers in Minnesota: Top Lenders
NAICS 425NAICS 425 covers wholesale trade agents and brokers businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Minnesota
Median Loan Size
$1,075,000
per approval
Recent Activity
0
last 90 days through Mar 2021
NAICS 425 covers wholesale trade agents and brokers businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $1,075,000.
Key trends & insights
- Wholesale Trade Agents and Brokers in Minnesota lending is concentrated — Hiawatha National Bank, Cortrust Bank, National Association, First Citizens Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Hiawatha National Bank leads this industry with 1 approvals (25% market share) and a median loan of $2,500,000.
- Wholesale Trade Agents and Brokers in Minnesota loans run larger than the SBA average — a $1,075,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2021-03-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Wholesale Trade Agents and Brokers in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $2,500,000 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $60,000 | |
| 4 | 1 | $2,000,000 |
Recent SBA 7(a) approvals for Wholesale Trade Agents and Brokers in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-08 | Bravera Bank | Sea*****LLC | SAINT PAUL, MN | $25,000 |
| 2021-03 | Hiawatha National Bank | LTL*****LLC | SAINT PAUL, MN | $2,500,000 |
| 2021-01 | Platinum Bank | Me****LLC | MINNEAPOLIS, MN | $2,000,000 |
| 2021-01 | First Citizens Bank | Mat*****uch | OGILVIE, MN | $60,000 |
| 2020-05 | CorTrust Bank National Association | Uni*****Inc | MINNEAPOLIS, MN | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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