SBA Loans for Data Processing in Minnesota: Top Lenders
NAICS 518NAICS 518 covers data processing, hosting, and related services businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Minnesota
Median Loan Size
$30,000
per approval
Recent Activity
0
last 90 days through Nov 2019
NAICS 518 covers data processing, hosting, and related services businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $30,000.
Key trends & insights
- Data Processing in Minnesota loans skew smaller than the SBA average at $30,000 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 2019-11-05 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Data Processing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $30,000 |
Recent SBA 7(a) approvals for Data Processing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Choice Financial Group | Imm*****LLC | ROCKFORD, MN | $500,000 |
| 2019-11 | U.S. Bank, National Association | Tor****LLC | SAINT PAUL, MN | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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