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SBA Loans for Jewelry Stores in Minnesota: Top Lenders

NAICS 448

NAICS 448 covers jewelry stores businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

10

in Minnesota

Median Loan Size

$53,150

per approval

Recent Activity

0

last 90 days through Jun 2022

NAICS 448 covers jewelry stores businesses. This is a smaller category in SBA 7(a) lending with 10 approvals on record and a median loan size of $53,150.

Key trends & insights

  • Jewelry Stores in Minnesota lending is concentrated — U.s. Bank, National Association, Merchants Bank, National Association, Bankvista together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • U.s. Bank, National Association leads this industry with 4 approvals (40% market share) and a median loan of $19,300.
  • Jewelry Stores in Minnesota loans skew smaller than the SBA average at $53,150 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 2022-06-21 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Jewelry Stores in Minnesota

#LenderApprovalsMedian Size
1
U.s. Bank, National Association
4$19,300
2
Merchants Bank, National Association
1$150,000
3
Bankvista
1$75,000
4
First Citizens Bank
1$108,000
5
21st Century Bank
1$200,000
6
Lake Region Bank
1$46,300
7
First Western Bank & Trust
1$60,000

Recent SBA 7(a) approvals for Jewelry Stores in Minnesota

MonthLenderBorrowerAmount
2024-08Byline BankSob*****LLC$400,000
2023-02BankVistaLON*****LLC$50,000
2022-10U.S. Bank, National AssociationEVE*****LLC$48,000
2022-09Wells Fargo Bank National AssociationTHE*****LLC$15,000
2022-07Sunrise Banks National AssociationHEI*****NC.$110,000
2022-07Sunrise Banks National AssociationHEI*****NC.$25,000
2022-06BankVistaNEA*****LLC$75,000
2022-04U.S. Bank, National AssociationLEI*****LLC$10,000
2021-12U.S. Bank, National AssociationJEW*****LLC$30,000
2021-12Magnifi Financial CUWil*****LLC$60,000
2021-11U.S. Bank, National AssociationUNI*****L C$30,000
2021-09Frandsen Bank and TrustBur*****LLC$321,000
2021-08First Citizens BankSte*****nc.$108,000
2021-07U.S. Bank, National AssociationKWI*****L C$21,600
2021-0521st Century BankC-S*****LLC$200,000
2021-04BankVistaNEA*****.C.$150,000
2021-03U.S. Bank, National AssociationKAI*****LLC$30,000
2021-03Old National BankART*****nc.$344,600
2021-03Vantage BankThe*****LLC$200,000
2021-02First Western Bank & TrustTHE*****LLC$60,000
2021-02Members Cooperative Credit Union218*****Inc$34,800
2021-02Members Cooperative Credit Union218*****Inc$30,000
2021-02Members Cooperative Credit Union218*****Inc$147,400
2020-10Merchants Bank, National AssociationKel*****nc.$150,000
2020-09Village BankSmo*****LLC$790,400
2020-09Cadence BankBab*****LLC$300,000
2020-09Sunrise Banks National AssociationHEI*****NC.$50,000
2020-09Pioneer BankEpi*****LLC$100,000
2020-09Pioneer BankEpi*****LLC$50,000
2020-08Clear Lake Bank & Trust CompanySch*****LLC$55,000
2020-08Clear Lake Bank & Trust CompanySch*****LLC$25,000
2020-08Clear Lake Bank & Trust CompanySch*****LLC$25,000
2020-08Clear Lake Bank & Trust CompanySch*****LLC$55,000
2020-07Citizens Bank & Trust CoBG *****LLC$20,000
2020-06Community Bank MankatoBum*****LLC$31,000
2020-06Community Bank MankatoBum*****LLC$25,000
2020-06U.S. Bank, National AssociationJOH*****TER$30,000
2020-05CorTrust Bank National AssociationCow*****any$350,000
2020-02U.S. Bank, National AssociationTRI*****LLC$17,000
2020-02U.S. Bank, National AssociationTRI*****LLC$8,000
2020-01Vantage BankKar*****LLC$40,000
2019-11Lake Region BankWER*****INC$46,300

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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