SBA Loans for General Freight Trucking in Minnesota: Top Lenders
NAICS 484NAICS 484 covers general freight trucking, local businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
84
in Minnesota
Median Loan Size
$143,250
per approval
Recent Activity
2
last 90 days through Jul 2025
NAICS 484 covers general freight trucking, local businesses. This is a smaller category in SBA 7(a) lending with 84 approvals on record and a median loan size of $143,250.
Key trends & insights
- Granite Bank leads this industry with 12 approvals (17% market share) and a median loan of $157,500.
- General Freight Trucking in Minnesota loans skew smaller than the SBA average at $143,250 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for General Freight Trucking in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 12 | $157,500 | |
| 2 | 6 | $15,000 | |
| 3 | 6 | $227,700 | |
| 4 | 5 | $30,200 | |
| 5 | 5 | $50,000 | |
| 6 | 4 | $289,000 | |
| 7 | 4 | $131,500 | |
| 8 | 4 | $143,750 | |
| 9 | 3 | $139,000 | |
| 10 | 3 | $72,000 | |
| 11 | 2 | $98,750 | |
| 12 | 2 | $17,500 | |
| 13 | 2 | $32,000 | |
| 14 | 2 | $134,500 | |
| 15 | 2 | $303,300 | |
| 16 | 2 | $798,000 | |
| 17 | 2 | $378,500 | |
| 18 | 2 | $48,500 | |
| 19 | 1 | $14,000 | |
| 20 | 1 | $50,000 |
Recent SBA 7(a) approvals for General Freight Trucking in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Members Cooperative Credit Union | Jas*****ing | DULUTH, MN | $203,400 |
| 2025-07 | Platinum Bank | Mak****Inc | MAHTOMEDI, MN | $865,000 |
| 2025-06 | Falcon National Bank | Wes*****LLC | CUSHING, MN | $200,000 |
| 2025-06 | The First National Bank of Henning | Koe*****nc. | NEW YORK MILLS, MN | $210,000 |
| 2025-05 | Minnwest Bank | TMT*****LLC | MANKATO, MN | $178,000 |
| 2025-05 | Minnwest Bank | Ben***** C. | ROCHESTER, MN | $1,228,000 |
| 2025-05 | Minnwest Bank | TMT*****LLC | MANKATO, MN | $25,000 |
| 2025-05 | The Huntington National Bank | Aff*****LLC | MINNEAPOLIS, MN | $55,000 |
| 2025-05 | American National Bank | RK *****nc. | SAINT PAUL, MN | $286,000 |
| 2025-04 | Hiawatha National Bank | K-3*****LLC | Saint Paul, MN | $158,000 |
| 2025-04 | Security Bank USA | Rob*****ter | CASS LAKE, MN | $32,300 |
| 2025-03 | Granite Bank | Nor*****LLC | Coon Rapids, MN | $210,000 |
| 2025-03 | Bell Bank | Jus*****LLC | Forest Lake, MN | $617,700 |
| 2025-03 | Bell Bank | Jus*****LLC | Forest Lake, MN | $150,000 |
| 2025-03 | BankVista | JAC*****LLC | SAINT PAUL, MN | $250,000 |
| 2025-02 | Granite Bank | kos*****ANY | Andover, MN | $200,000 |
| 2025-02 | Security Bank USA | Dus*****LLC | PUPOSKY, MN | $40,100 |
| 2025-02 | Northeast Bank | KJ *****LLC | OTSEGO, MN | $150,000 |
| 2025-02 | Lendistry SBLC, LLC | AME*****ALI | Moorhead, MN | $90,700 |
| 2025-02 | The Huntington National Bank | Big*****LLC | MINNEAPOLIS, MN | $24,000 |
| 2025-02 | The Huntington National Bank | Big*****LLC | MINNEAPOLIS, MN | $25,000 |
| 2025-01 | The Huntington National Bank | KIN*****.C. | MINNEAPOLIS, MN | $72,000 |
| 2025-01 | Farmers and Merchants Savings Bank | Pre*****LLC | Rochester, MN | $965,000 |
| 2025-01 | Security Bank USA | Cav*****LLC | BEMIDJI, MN | $36,800 |
| 2025-01 | Granite Bank | H&I*****LLC | Farmington, MN | $85,000 |
| 2024-12 | Granite Bank | GRA*****NC. | Little Canada, MN | $100,000 |
| 2024-11 | Wells Fargo Bank National Association | L&R*****ORP | COON RAPIDS, MN | $10,000 |
| 2024-11 | Old National Bank | 6th*****LLC | Willmar, MN | $703,000 |
| 2024-11 | Security Bank USA | Rob*****ter | CASS LAKE, MN | $41,000 |
| 2024-11 | Northeast Bank | Sam*****LLC | Mankato, MN | $50,000 |
| 2024-11 | Granite Bank | JAM*****.C. | Andover, MN | $120,000 |
| 2024-09 | The Huntington National Bank | Mag*****LLC | MINNEAPOLIS, MN | $139,000 |
| 2024-08 | Hiawatha National Bank | Mec*****LLC | SOUTH SAINT PAUL, MN | $155,000 |
| 2024-08 | First Bank of the Lake | Epp*****LLC | BLUE EARTH, MN | $150,000 |
| 2024-07 | Wells Fargo Bank National Association | LCA*****LLC | SHAKOPEE, MN | $15,000 |
| 2024-06 | Bravera Bank | Big*****Inc | EAST GRAND FORKS, MN | $100,000 |
| 2024-06 | The Huntington National Bank | CLA*****.C. | SAINT MICHAEL, MN | $35,800 |
| 2024-04 | Granite Bank | Lem****LLC | Shakopee, MN | $240,000 |
| 2024-04 | Choice Financial Group | Bro*****LLC | Eagan, MN | $621,000 |
| 2024-03 | Hiawatha National Bank | Gue*****LLP | ROSEMOUNT, MN | $142,500 |
| 2024-03 | Wells Fargo Bank National Association | BRE*****LLC | WILLMAR, MN | $15,000 |
| 2024-03 | Merchants Bank, National Association | Wid*****LLC | Lakeville, MN | $75,000 |
| 2024-03 | Merchants Bank, National Association | Wid*****LLC | Lakeville, MN | $50,000 |
| 2024-02 | MY CU | Mol*****LLC | INVER GROVE HEIGHTS, MN | $29,500 |
| 2024-02 | The Huntington National Bank | Max*****LLC | MINNEAPOLIS, MN | $63,800 |
| 2024-02 | Northeast Bank | HEL*****LLC | EDINA, MN | $50,000 |
| 2024-01 | Wells Fargo Bank National Association | K-3*****LLC | WEST SAINT PAUL, MN | $25,000 |
| 2024-01 | The Huntington National Bank | Blu*****LLC | ROCHESTER, MN | $117,000 |
| 2024-01 | The Huntington National Bank | Blu*****LLC | ROCHESTER, MN | $25,000 |
| 2024-01 | The Huntington National Bank | FRE*****LLC | SAINT CLOUD, MN | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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