SBA Loans for Pharmacies and Drug Stores in Minnesota: Top Lenders
NAICS 446NAICS 446 covers pharmacies and drug stores businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Minnesota
Median Loan Size
$212,500
per approval
Recent Activity
0
last 90 days through Oct 2022
NAICS 446 covers pharmacies and drug stores businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $212,500.
Key trends & insights
- Pharmacies and Drug Stores in Minnesota lending is concentrated — U.s. Bank, National Association, First Financial Bank, Pioneer Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 2 approvals (50% market share) and a median loan of $17,500.
- Pharmacies and Drug Stores in Minnesota loans skew smaller than the SBA average at $212,500 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 2022-10-06 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Pharmacies and Drug Stores in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $17,500 | |
| 2 | 1 | $770,000 | |
| 3 | 1 | $400,000 |
Recent SBA 7(a) approvals for Pharmacies and Drug Stores in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-10 | Luminate Bank | KI****IPS | MINNEAPOLIS, MN | $125,000 |
| 2022-10 | Pioneer Bank | See*****LLC | MINNEAPOLIS, MN | $400,000 |
| 2022-06 | U.S. Bank, National Association | NAT*****LLC | PLYMOUTH, MN | $25,000 |
| 2022-03 | U.S. Bank, National Association | AQU*****LLC | MINNEAPOLIS, MN | $10,000 |
| 2021-11 | Bravera Bank | Lak*****LLC | BUFFALO, MN | $5,000 |
| 2021-09 | U.S. Bank, National Association | 181*****LLC | MINNEAPOLIS, MN | $224,000 |
| 2021-09 | Aspire Bank | AL** UP | EDEN PRAIRIE, MN | $250,000 |
| 2021-09 | Aspire Bank | AL** UP | EDEN PRAIRIE, MN | $250,000 |
| 2021-02 | Northeast Entrepreneur Fund, Inc. | Hea*****LLC | Duluth, MN | $105,200 |
| 2021-01 | Frandsen Bank and Trust | Bar*****LLC | ELY, MN | $425,000 |
| 2020-09 | Woodlands National Bank | Ona*****LLC | Onamia, MN | $604,200 |
| 2020-04 | MidCountry Bank | JJ***LLC | Stillwater, MN | $200,000 |
| 2020-04 | MidCountry Bank | JJ***LLC | HUGO, MN | $600,000 |
| 2020-04 | CDC Small Business Finance Corp. | Evo*****LLC | MAPLEWOOD, MN | $100,000 |
| 2019-12 | New Market Bank | Elk*****LLC | Elko New Market, MN | $275,000 |
| 2019-10 | First Financial Bank | Lot*****LLC | MINNEAPOLIS, MN | $770,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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