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SBA Loans for NAICS 532 in Minnesota: Top Lenders

NAICS 532

NAICS 532 covers passenger car rental businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

16

in Minnesota

Median Loan Size

$188,000

per approval

Recent Activity

0

last 90 days through Mar 2025

NAICS 532 covers passenger car rental businesses. This is a smaller category in SBA 7(a) lending with 16 approvals on record and a median loan size of $188,000.

Key trends & insights

  • NAICS 532 in Minnesota loans skew smaller than the SBA average at $188,000 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 NAICS 532 in Minnesota

#LenderApprovalsMedian Size
1
Ultima Bank Minnesota
2$2,500,000
2
U.s. Bank, National Association
2$154,000
3
Bankvista
2$1,279,700
4
Bankcherokee
2$175,000
5
Magnifi Financial CU
1$77,000
6
Midwestone Bank
1$356,000
7
Union Bank AND Trust Company
1$1,151,500
8
Lake Region Bank
1$176,000
9
Security State Bank OF Aitkin
1$66,900
10
Bravera Bank
1$25,000
11
Security Bank USA
1$80,000
12
First Western Bank & Trust
1$30,000

Recent SBA 7(a) approvals for NAICS 532 in Minnesota

MonthLenderBorrowerAmount
2025-09U.S. Bank, National AssociationNV *****LLC$17,500
2025-04First Resource BankDPK*****LLC$50,000
2025-04First Resource BankDPK*****LLC$450,000
2025-03U.S. Bank, National AssociationTwi*****LLC$272,000
2025-02The Huntington National BankNor*****Inc$500,000
2025-02The Huntington National BankNor*****Inc$3,625,000
2024-12U.S. Bank, National AssociationTON*****LLC$36,000
2024-12U.S. Bank, National AssociationELE*****LLC$50,000
2024-09Old National Bank3 B*****LLC$5,000,000
2024-08BankCherokeeUSA*****nc.$200,000
2024-06BankVistaQUA*****LLC$1,514,400
2024-02Union Bank and Trust CompanyLin*****LLC$1,151,500
2024-01BankVistaMil*****LC.$50,000
2023-12The Huntington National BankCAR*****LLC$26,000
2023-12The Huntington National BankCAR*****LLC$26,000
2023-11The Huntington National BankCAR*****LLC$26,000
2023-09BayFirst National BankWes*****.C.$150,000
2023-0721st Century BankMin*****LLC$800,000
2023-06MidWestOne BankEMB*****LLC$356,000
2023-06U.S. Bank, National AssociationCHR*****INC$100,000
2023-05U.S. Bank, National AssociationCAS*****LLC$45,000
2023-04Security Bank USASol*****LLC$80,000
2023-04Lake Region BankCou*****top$176,000
2023-03U.S. Bank, National AssociationNOR*****LLC$20,000
2023-03Magnifi Financial CUSti*****LLC$81,000
2023-02The Citizens National Bank of Park RapidsLEG*****LLC$75,000
2022-12BankVistaLIN*****LLC$100,000
2022-12Wells Fargo Bank National AssociationDIM*****LLC$15,000
2022-11Alerus Financial, National AssociationAdv*****LLC$1,000,000
2022-05BankVistaLIN*****LLC$1,045,000
2022-05The Huntington National BankPur*****LLC$172,500
2022-03Woodlands National BankMob*****LLC$350,000
2022-03U.S. Bank, National AssociationRED*****LLC$27,000
2022-03Old National BankCuy*****LLC$35,000
2022-03U.S. Bank, National AssociationRED*****LLC$9,500
2022-03Old National BankCuy*****LLC$73,300
2022-02U.S. Bank, National AssociationRED*****LLC$48,000
2022-02Bravera BankTMD*****LLC$25,000
2021-12Profinium, Inc.ELM*****LLC$100,000
2021-11First Resource BankHap*****LLC$200,000
2021-09Old National BankVan*****LLC$217,800
2021-09Falcon National BankPar*****LLC$497,000
2021-09Minnwest BankBig*****LLC$591,200
2021-09Minnwest BankBig*****LLC$600,000
2021-06Security State Bank of AitkinAl****LLC$66,900
2021-05Magnifi Financial CUSti*****LLC$77,000
2021-05Northeast Entrepreneur Fund, Inc.WR *****nc.$51,600
2021-04Security State Bank of AitkinGle*****Inc$12,600
2021-03Security State Bank of AitkinAl****LLC$28,000
2021-03Ultima Bank MinnesotaTNT*****LLC$2,000,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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