SBA Loans for Offices of Other Holding Companies in Minnesota: Top Lenders
NAICS 551NAICS 551 covers offices of other holding companies businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Minnesota
Median Loan Size
$361,000
per approval
Recent Activity
0
last 90 days through Nov 2022
NAICS 551 covers offices of other holding companies businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $361,000.
Key trends & insights
- Offices of Other Holding Companies in Minnesota lending is concentrated — 21st Century Bank, Frandsen Bank AND Trust, Western National Bank together account for 86% of all approvals. If you're in this industry, these are your highest-probability lenders.
- 21st Century Bank leads this industry with 3 approvals (43% market share) and a median loan of $361,000.
- SBA data for this industry goes through 2022-11-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Offices of Other Holding Companies in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $361,000 | |
| 2 | 2 | $500,000 | |
| 3 | 1 | $338,000 | |
| 4 | 1 | $495,000 |
Recent SBA 7(a) approvals for Offices of Other Holding Companies in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-11 | Frandsen Bank and Trust | NDB*****LLC | Bloomington, MN | $873,000 |
| 2022-11 | Frandsen Bank and Trust | NDB*****LLC | Bloomington, MN | $127,000 |
| 2021-06 | Western National Bank | Amb*****LLC | DULUTH, MN | $338,000 |
| 2021-06 | 21st Century Bank | Sci*****.C. | SAINT PAUL, MN | $290,000 |
| 2021-04 | Citizens Bank & Trust Co | RJ *****LLC | HUTCHINSON, MN | $495,000 |
| 2020-11 | 21st Century Bank | EZ *****ota | WACONIA, MN | $361,000 |
| 2020-08 | 21st Century Bank | Wal*****LLC | DELANO, MN | $527,000 |
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