SBA Loans for Taxi Service in Minnesota: Top Lenders
NAICS 485NAICS 485 covers taxi service businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Minnesota
Median Loan Size
$80,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 485 covers taxi service businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $80,000.
Key trends & insights
- Taxi Service in Minnesota lending is concentrated — U.s. Bank, National Association, Northeast Bank, Cadence Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 1 approvals (25% market share) and a median loan of $40,000.
- Taxi Service in Minnesota loans skew smaller than the SBA average at $80,000 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 2025-03-25 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Taxi Service in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $40,000 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $105,000 | |
| 4 | 1 | $55,000 |
Recent SBA 7(a) approvals for Taxi Service in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | U.S. Bank, National Association | HAN*****LLC | ROCHESTER, MN | $40,000 |
| 2024-11 | Wells Fargo Bank National Association | AZH*****L.C | BROOKLYN PARK, MN | $25,000 |
| 2024-09 | Pioneer Bank | Lak*****nc. | Madison Lake, MN | $1,170,000 |
| 2024-09 | Northeast Bank | Van*****LLC | Lake City, MN | $50,000 |
| 2024-07 | Old National Bank | NOR*****LLC | New Brighton, MN | $682,000 |
| 2024-07 | Old National Bank | NOR*****LLC | New Brighton, MN | $250,000 |
| 2024-05 | Platinum Bank | Bil*****LLC | MINNEAPOLIS, MN | $5,000,000 |
| 2024-02 | Cadence Bank | Van*****LLC | LAKE CITY, MN | $105,000 |
| 2023-11 | The Huntington National Bank | SUP*****LLC | ROCHESTER, MN | $45,000 |
| 2023-11 | The Huntington National Bank | SUP*****LLC | ROCHESTER, MN | $325,000 |
| 2022-06 | Members Cooperative Credit Union | Att*****Inc | SANDSTONE, MN | $495,000 |
| 2022-05 | SharePoint CU | Pea*****Inc | HOPKINS, MN | $20,000 |
| 2022-05 | SharePoint CU | Pea*****Inc | HOPKINS, MN | $32,000 |
| 2022-01 | Northeast Bank | Koa*****LLC | SAINT PAUL, MN | $150,000 |
| 2022-01 | National Bank of Commerce | BAY*****LLC | SAINT CLOUD, MN | $150,000 |
| 2021-12 | Lake Region Bank | Ril*****LLC | MURDOCK, MN | $55,000 |
| 2021-10 | Lake Region Bank | Ril*****LLC | MURDOCK, MN | $76,500 |
| 2021-09 | U.S. Bank, National Association | USA*****INC | SAINT PAUL, MN | $744,500 |
| 2021-09 | Ultima Bank Minnesota | Mag*****nc. | MIZPAH, MN | $77,500 |
| 2021-06 | Northeast Entrepreneur Fund, Inc. | Wel*****.C. | Duluth, MN | $51,900 |
| 2021-02 | Sentry Bank | Log*****nc. | SAINT JOSEPH, MN | $41,200 |
| 2021-02 | Northeast Entrepreneur Fund, Inc. | Wel*****.C. | Duluth, MN | $26,000 |
| 2021-02 | Northeast Entrepreneur Fund, Inc. | Wel*****.C. | Duluth, MN | $51,700 |
| 2020-04 | Sunrise Banks National Association | Bef*****LLC | SAINT PAUL, MN | $2,700,000 |
| 2020-02 | BankVista | IB***NC. | SAINT PAUL, MN | $80,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet