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SBA Loans for Sewing in Minnesota: Top Lenders

NAICS 451

NAICS 451 covers sewing, needlework, and piece goods stores businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

9

in Minnesota

Median Loan Size

$100,500

per approval

Recent Activity

0

last 90 days through Jun 2022

NAICS 451 covers sewing, needlework, and piece goods stores businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $100,500.

Key trends & insights

  • Sewing in Minnesota lending is concentrated — Northeast Entrepreneur Fund, INC., U.s. Bank, National Association, Community Bank Owaton, National Association together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Northeast Entrepreneur Fund, INC. leads this industry with 3 approvals (33% market share) and a median loan of $100,500.
  • Sewing in Minnesota loans skew smaller than the SBA average at $100,500 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 2022-06-24 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Sewing in Minnesota

#LenderApprovalsMedian Size
1
Northeast Entrepreneur Fund, INC.
3$100,500
2
U.s. Bank, National Association
2$45,000
3
Community Bank Owaton, National Association
1$50,000
4
Village Bank
1$132,300
5
Midcountry Bank
1$315,000
6
THE First National Bank OF Henning
1$163,800

Recent SBA 7(a) approvals for Sewing in Minnesota

MonthLenderBorrowerAmount
2022-09Sunrise Banks National AssociationBig*****LLC$625,500
2022-06Community Bank OwatonnaCoo*****nc.$50,000
2022-06U.S. Bank, National AssociationPUL*****LLC$24,000
2022-01The First National Bank of HenningTen*****LLC$163,800
2021-12United Community BankGen*****LLC$25,000
2021-12United Community BankMN *****LLC$300,000
2021-10First Western Bank & TrustAPF*****LLC$200,000
2021-10Northeast Entrepreneur Fund, Inc.Win*****nc.$52,200
2021-09United Community BankMN *****LLC$300,000
2021-07Village BankL4***$132,300
2021-06MidCountry BankFOR*****.C.$315,000
2021-06Platinum BankGSA*****ion$900,000
2021-06Old National BankTot*****nc.$228,700
2021-0421st Century BankMik*****nc.$455,000
2021-04Northeast Entrepreneur Fund, Inc.Kin*****Inc$150,000
2021-03Granite BankAve*****nc.$30,000
2021-03Northwestern Bank, National AssociationMic*****itt$151,700
2021-02U.S. Bank, National AssociationDav*****nc.$65,000
2020-11BankCherokeeCla*****LLC$100,000
2020-11BankCherokeeCla*****LLC$100,000
2020-11U.S. Bank, National AssociationThe*****LLC$40,000
2020-09Choice Financial GroupGen*****ion$350,000
2020-07Old National BankSou*****LLC$136,000
2020-06U.S. Bank, National AssociationTHE*****LLC$50,000
2020-04BankVistaCRA*****LLC$350,000
2020-03Northeast Entrepreneur Fund, Inc.Thr***** C.$100,000
2020-02U.S. Bank, National AssociationPIN*****OYS$40,000
2020-02Northeast Entrepreneur Fund, Inc.Spo*****GBC$100,500
2020-01BayFirst National BankRed*****ANY$125,000
2019-12Vantage BankJak*****nc.$65,000
2019-10Falcon National BankBar*****LLC$147,500
2019-10United Prairie BankSK***nc.$300,000
2019-10Old National BankVol****nc.$930,400

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

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