SBA Loans for Sewing in Minnesota: Top Lenders
NAICS 451NAICS 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
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $100,500 | |
| 2 | 2 | $45,000 | |
| 3 | 1 | $50,000 | |
| 4 | 1 | $132,300 | |
| 5 | 1 | $315,000 | |
| 6 | 1 | $163,800 |
Recent SBA 7(a) approvals for Sewing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-06 | Community Bank Owatonna | Coo*****nc. | OWATONNA, MN | $50,000 |
| 2022-01 | The First National Bank of Henning | Ten*****LLC | Battle Lake, MN | $163,800 |
| 2021-12 | United Community Bank | Gen*****LLC | PERHAM, MN | $25,000 |
| 2021-07 | Village Bank | L4*** | BURNSVILLE, MN | $132,300 |
| 2021-06 | MidCountry Bank | FOR*****.C. | HUTCHINSON, MN | $315,000 |
| 2021-04 | Northeast Entrepreneur Fund, Inc. | Kin*****Inc | Duluth, MN | $150,000 |
| 2021-02 | U.S. Bank, National Association | Dav*****nc. | MAPLE GROVE, MN | $65,000 |
| 2020-06 | U.S. Bank, National Association | THE*****LLC | MINNEAPOLIS, MN | $50,000 |
| 2020-03 | Northeast Entrepreneur Fund, Inc. | Thr***** C. | Tower, MN | $100,000 |
| 2020-02 | U.S. Bank, National Association | PIN*****OYS | MINNEAPOLIS, MN | $40,000 |
| 2020-02 | Northeast Entrepreneur Fund, Inc. | Spo*****GBC | Two Harbors, MN | $100,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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