SBA Loans for Motor Vehicle Towing in Minnesota: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Minnesota
Median Loan Size
$306,000
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $306,000.
Key trends & insights
- Northeast Bank leads this industry with 3 approvals (23% market share) and a median loan of $1,020,000.
Most active SBA lenders for Motor Vehicle Towing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $1,020,000 | |
| 2 | 2 | $200,000 | |
| 3 | 1 | $606,700 | |
| 4 | 1 | $25,600 | |
| 5 | 1 | $306,000 | |
| 6 | 1 | $676,900 | |
| 7 | 1 | $100,400 | |
| 8 | 1 | $150,000 | |
| 9 | 1 | $24,700 | |
| 10 | 1 | $455,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | U.S. Bank, National Association | JOR*****LLC | MINNEAPOLIS, MN | $50,000 |
| 2025-11 | The Huntington National Bank | T&T*****LLC | LAKEVILLE, MN | $123,200 |
| 2025-09 | Alerus Financial, National Association | The*****LLC | SAINT PAUL, MN | $2,425,400 |
| 2025-09 | Wells Fargo Bank National Association | DS *****LLC | COTTAGE GROVE, MN | $15,000 |
| 2025-08 | U.S. Bank, National Association | LIF*****LLC | HIBBING, MN | $25,600 |
| 2025-07 | Security Bank USA | JBD*****LLC | Laporte, MN | $606,700 |
| 2025-04 | Celtic Bank Corporation | Min*****LLC | BURNSVILLE, MN | $150,000 |
| 2025-02 | U.S. Bank, National Association | THE*****LLC | SAINT PAUL, MN | $26,400 |
| 2025-02 | Northeast Bank | RIC*****TED | MINNEAPOLIS, MN | $250,000 |
| 2025-01 | Highland Bank | Adv*****nc. | LAKE ELMO, MN | $400,000 |
| 2024-11 | BankVista | Ass*****LLC | Saint Paul, MN | $500,000 |
| 2024-05 | Wells Fargo Bank National Association | WAL*****LLC | CARVER, MN | $15,000 |
| 2024-03 | Security Savings Bank | G &*****LLC | LUVERNE, MN | $209,000 |
| 2024-03 | U.S. Bank, National Association | JHO*****L C | MINNEAPOLIS, MN | $50,000 |
| 2023-10 | U.S. Bank, National Association | CIT*****ORP | BROOKLYN PARK, MN | $74,000 |
| 2023-06 | Frandsen Bank and Trust | Swe*****LLC | Owatonna, MN | $676,900 |
| 2023-03 | Old National Bank | A2B*****Inc | MINNEAPOLIS, MN | $1,038,700 |
| 2023-03 | Old National Bank | A2B*****LLC | MINNEAPOLIS, MN | $200,000 |
| 2023-02 | Northeast Bank | Cit*****nc. | MINNEAPOLIS, MN | $1,750,000 |
| 2023-02 | Northeast Bank | Cit*****nc. | MINNEAPOLIS, MN | $50,000 |
| 2023-02 | United Minnesota Bank | Don*****LLC | NEW LONDON, MN | $150,000 |
| 2023-02 | Members Cooperative Credit Union | LP'*****LC. | AITKIN, MN | $100,400 |
| 2022-10 | Choice Financial Group | Wey*****LLC | MINNETONKA, MN | $1,020,000 |
| 2022-09 | First Resource Bank | Tou*****Inc | Vadnais Heights, MN | $1,300,000 |
| 2022-09 | The Huntington National Bank | A &*****LLC | Maplewood, MN | $108,000 |
| 2022-08 | Minnesota Lakes Bank | Wat*****LLC | WACONIA, MN | $365,000 |
| 2022-02 | Vantage Bank | Exp*****ces | ALEXANDRIA, MN | $47,600 |
| 2022-01 | 21st Century Bank | 11t*****ted | Ham Lake, MN | $350,000 |
| 2021-10 | Wells Fargo Bank National Association | LK *****LLC | HERON LAKE, MN | $15,000 |
| 2021-08 | Newtek Small Business Finance, Inc. | Bea*****LLC | EDEN PRAIRIE, MN | $455,000 |
| 2021-08 | Old National Bank | AJ *****INC | ALEXANDRIA, MN | $350,000 |
| 2021-08 | Old National Bank | AJ *****INC | SAINT CLOUD, MN | $50,000 |
| 2021-07 | Citizens Community Federal National Association | Ind*****nc. | Minneapolis, MN | $1,996,000 |
| 2021-06 | Northeast Bank | Cit*****rp. | Minneapolis, MN | $1,020,000 |
| 2021-06 | Security Bank USA | Ell*****LLC | CASS LAKE, MN | $35,000 |
| 2021-03 | Ultima Bank Minnesota | Gre*****LLC | BEMIDJI, MN | $1,050,000 |
| 2020-12 | U.S. Bank, National Association | TWI*****LLC | CEDAR, MN | $32,000 |
| 2020-12 | First Bank | Ed'*****Co. | MOORHEAD, MN | $1,599,000 |
| 2020-10 | BankVista | ASS*****LLC | SAINT PAUL, MN | $250,000 |
| 2020-08 | Granite Bank | Xpr*****LLC | MINNEAPOLIS, MN | $24,700 |
| 2020-01 | U.S. Bank, National Association | Twi*****LLC | MINNEAPOLIS, MN | $20,000 |
| 2020-01 | Security Bank USA | Ben*****ter | BEMIDJI, MN | $104,500 |
| 2019-11 | Members Cooperative Credit Union | LP'*****LLC | AITKIN, MN | $128,700 |
| 2019-10 | Falcon National Bank | Col*****nc. | SAINT CLOUD, MN | $2,729,000 |
| 2019-10 | The Bank of Elk River | Uni*****LLC | Minneapolis, MN | $306,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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