SBA Loans for Art Dealers in Minnesota: Top Lenders

NAICS 453

NAICS 453 covers art dealers businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

24

in Minnesota

Median Loan Size

$185,500

per approval

Recent Activity

0

last 90 days through Aug 2023

NAICS 453 covers art dealers businesses. This is a smaller category in SBA 7(a) lending with 24 approvals on record and a median loan size of $185,500.

Key trends & insights

  • Art Dealers in Minnesota loans skew smaller than the SBA average at $185,500 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 2023-08-25 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Art Dealers in Minnesota

#LenderApprovalsMedian Size
13$427,500
23$350,000
33$150,000
42$200,000
52$274,500
61$1,000,000
71$50,000
81$75,000
91$340,000
101$15,000
111$100,000
121$40,000
131$350,000
141$200,000
151$99,000
161$5,000

Recent SBA 7(a) approvals for Art Dealers in Minnesota

MonthLenderBorrowerAmount
2023-08BankVistaEP *****RP.$300,000
2023-08BankVistaEP *****RP.$100,000
2022-09Sunrise Banks National AssociationJea*****LLC$176,000
2022-09Sunrise Banks National AssociationJea*****LLC$25,000
2022-08Wells Fargo Bank National AssociationCUR*****LLC$15,000
2022-08Old National BankSwe*****LLC$775,900
2022-07Wells Fargo Bank National AssociationAUR*****LLC$15,000
2022-07BankVistaA.B*****NC.$663,000
2022-07BankVistaA.B*****NC.$50,000
2022-06Village BankSty*****LLC$391,500
2022-06BankVistaA.B*****NC.$50,000
2022-06BankVistaA.B*****NC.$663,000
2022-05Magnifi Financial CUChe*****LLC$50,000
2022-02Members Cooperative Credit UnionMon*****LLC$260,000
2022-01Newtek Small Business Finance, Inc.INF*****POR$99,000
2021-12Kensington BankIm**cks$75,000
2021-11CRF Small Business Loan Company, LLCCKB*****LLC$270,000
2021-10First Citizens BankGou*****LLC$90,000
2021-10Northeast Entrepreneur Fund, Inc.Int*****LLC$73,000
2021-09CRF Small Business Loan Company, LLCPre*****oks$163,000
2021-09Northeast Entrepreneur Fund, Inc.Wol*****LLC$50,800
2021-09Northeast Entrepreneur Fund, Inc.Thr***** C.$26,100
2021-09U.S. Bank, National AssociationOPP*****LLC$40,000
2021-09First Citizens BankK&R*****LLC$350,000
2021-0821st Century BankFre*****ted$750,000
2021-0821st Century BankBlu*****LLC$171,000
2021-08Sunrise Banks National AssociationMod*****LLC$350,000
2021-0821st Century BankXpr*****LLC$447,000
2021-08The Bank of Elk RiverPre*****nc.$1,000,000
2021-08Old National BankGus*****LLC$135,700
2021-07U.S. Bank, National AssociationDIS*****INC$20,000
2021-07Sunrise Banks National AssociationLov*****nc.$280,000
2021-06Sunrise Banks National AssociationLov*****c.)$350,000
2021-06Red River State BankMor*****LLC$10,000
2021-04Sunrise Banks National AssociationLov*****nc.$1,270,000
2021-04BankVistaT&C*****NC.$1,164,800
2021-04The Citizens National Bank of Park RapidsRyp*****LLC$50,000
2021-03Highland BankCre*****nc.$350,000
2021-03Scale BankPet*****LLC$340,000
2021-0321st Century BankREV*****LLC$427,500
2021-03U.S. Bank, National AssociationSMI*****LLC$30,000
2021-02Red River State BankMor*****LLC$40,000
2021-02Frandsen Bank and TrustPla*****nc.$231,000
2020-12Northeast BankA&a*****.C.$324,000
2020-11Village BankTHO*****LLC$500,000
2020-11Byline BankSpr*****LLP$200,000
2020-10The Citizens National Bank of Park RapidsPet*****LLC$206,500
2020-10Northeast Entrepreneur Fund, Inc.Ser*****nc.$51,100
2020-10Wells Fargo Bank National AssociationST *****INC$9,900
2020-09Village BankWP *****LLC$145,000

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

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