SBA Loans for NAICS 517 in Minnesota: Top Lenders
NAICS 517NAICS 517 covers wireless telecommunications carriers (except satellite) businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Minnesota
Median Loan Size
$550,000
per approval
Recent Activity
0
last 90 days through Oct 2024
NAICS 517 covers wireless telecommunications carriers (except satellite) businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $550,000.
Key trends & insights
- NAICS 517 in Minnesota lending is concentrated — THE Huntington National Bank, Northeast Bank, Choice Financial Group together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 1 approvals (25% market share) and a median loan of $350,000.
- SBA data for this industry goes through 2024-10-24 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for NAICS 517 in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $350,000 | |
| 2 | 1 | $200,000 | |
| 3 | 1 | $750,000 | |
| 4 | 1 | $1,000,000 |
Recent SBA 7(a) approvals for NAICS 517 in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-10 | Northeast Bank | X-****LLC | Rogers, MN | $200,000 |
| 2022-11 | Choice Financial Group | Auf*****ion | Plymouth, MN | $750,000 |
| 2022-10 | Minnwest Bank | Net*****Inc | Elk River, MN | $1,000,000 |
| 2022-04 | The Huntington National Bank | Fif*****LLC | Oakdale, MN | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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