SBA Loans for Offices of Physicians (except Mental Health Specialists) in Minnesota: Top Lenders
NAICS 621NAICS 621 covers offices of physicians (except mental health specialists) businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
132
in Minnesota
Median Loan Size
$171,000
per approval
Recent Activity
8
last 90 days through Dec 2025
NAICS 621 covers offices of physicians (except mental health specialists) businesses. This is a moderately active sector for SBA 7(a) lending with 132 approvals and a median loan size of $171,000.
Key trends & insights
- Bankvista leads this industry with 17 approvals (15% market share) and a median loan of $100,000.
- Offices of Physicians (except Mental Health Specialists) in Minnesota loans skew smaller than the SBA average at $171,000 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 Offices of Physicians (except Mental Health Specialists) in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 17 | $100,000 | |
| 2 | 13 | $25,000 | |
| 3 | 13 | $250,000 | |
| 4 | 11 | $36,000 | |
| 5 | 9 | $193,000 | |
| 6 | 9 | $255,600 | |
| 7 | 6 | $145,000 | |
| 8 | 5 | $15,000 | |
| 9 | 4 | $1,200,000 | |
| 10 | 3 | $226,900 | |
| 11 | 2 | $1,144,000 | |
| 12 | 2 | $500,000 | |
| 13 | 2 | $92,500 | |
| 14 | 2 | $10,000 | |
| 15 | 2 | $105,000 | |
| 16 | 2 | $249,250 | |
| 17 | 2 | $731,250 | |
| 18 | 2 | $610,600 | |
| 19 | 2 | $65,000 | |
| 20 | 2 | $800,000 |
Recent SBA 7(a) approvals for Offices of Physicians (except Mental Health Specialists) in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Old National Bank | McS*****LLC | EXCELSIOR, MN | $50,000 |
| 2025-08 | BankCherokee | Aks*****LLC | SAINT PAUL, MN | $1,250,000 |
| 2025-08 | 21st Century Bank | Evo*****LLC | MINNEAPOLIS, MN | $340,000 |
| 2025-08 | Live Oak Banking Company | CIR*****.C. | CIRCLE PINES, MN | $1,000,000 |
| 2025-08 | Northeast Bank | Ent*****LLC | SOUTH SAINT PAUL, MN | $685,000 |
| 2025-07 | Wells Fargo Bank National Association | HAV*****LLC | CHANHASSEN, MN | $15,000 |
| 2025-07 | Frandsen Bank and Trust | Ber*****LLC | Blaine, MN | $100,000 |
| 2025-07 | Frandsen Bank and Trust | Ber*****LLC | Blaine, MN | $424,200 |
| 2025-05 | U.S. Bank, National Association | NOR*****NC. | MINNEAPOLIS, MN | $500,000 |
| 2025-03 | BankVista | Ari*****nc. | SAINT CLOUD, MN | $150,000 |
| 2025-03 | MY CU | LW**LLC | Saint Paul, MN | $586,300 |
| 2025-03 | Old National Bank | Cra*****LLC | INVER GROVE HEIGHTS, MN | $962,500 |
| 2025-03 | Old National Bank | Ale*****LLC | Alexandria, MN | $124,000 |
| 2025-02 | U.S. Bank, National Association | Zau*****LLC | STEWARTVILLE, MN | $851,500 |
| 2025-02 | Old National Bank | Pow***** PA | ELK RIVER, MN | $331,900 |
| 2025-02 | Readycap Lending, LLC | Rei*****LLC | MAPLE GROVE, MN | $50,000 |
| 2025-01 | Fifth Third Bank | Woo*****.C. | CLOQUET, MN | $2,485,000 |
| 2024-12 | Falcon National Bank | Hea*****nc. | BROOKLYN PARK, MN | $1,045,200 |
| 2024-11 | Northeast Bank | Eat*****Inc | Ostego, MN | $150,000 |
| 2024-11 | U.S. Bank, National Association | ARM*****LLC | EDEN PRAIRIE, MN | $25,000 |
| 2024-11 | BankVista | IND*****LLC | SARTELL, MN | $100,000 |
| 2024-11 | Northeast Bank | Max*****LLC | St Paul, MN | $140,000 |
| 2024-08 | U.S. Bank, National Association | INT*****OTA | MINNEAPOLIS, MN | $25,000 |
| 2024-08 | The Huntington National Bank | KUS*****LLC | SAINT PAUL, MN | $70,000 |
| 2024-08 | Minnwest Bank | CHW***** C. | SAINT PAUL, MN | $300,000 |
| 2024-08 | BankVista | Sch*****.A. | HOPKINS, MN | $25,000 |
| 2024-08 | BankVista | Sch*****.A. | HOPKINS, MN | $242,400 |
| 2024-08 | Falcon National Bank | Bro*****LLC | Brooklyn Park, MN | $176,000 |
| 2024-08 | 21st Century Bank | Min*****.A. | ROSEVILLE, MN | $380,000 |
| 2024-07 | Northeast Bank | EAT*****LLC | St Michael, MN | $500,000 |
| 2024-06 | Granite Bank | Vit*****LLC | Minneapolis, MN | $398,500 |
| 2024-05 | The Huntington National Bank | SUP*****INC | SAINT PAUL, MN | $350,000 |
| 2024-04 | The Huntington National Bank | SEC*****INC | MINNEAPOLIS, MN | $200,000 |
| 2024-04 | Old National Bank | Fam*****LLC | MINNEAPOLIS, MN | $250,000 |
| 2024-04 | Old National Bank | Fam*****LLC | MINNEAPOLIS, MN | $2,156,100 |
| 2024-04 | Live Oak Banking Company | Hom*****Inc | MINNEAPOLIS, MN | $250,000 |
| 2024-04 | Live Oak Banking Company | Hom*****Inc | MINNEAPOLIS, MN | $1,400,000 |
| 2024-03 | BankVista | Pra*****LLC | ROCHESTER, MN | $512,200 |
| 2024-03 | BankVista | Pra*****LLC | ROCHESTER, MN | $30,000 |
| 2024-02 | The Huntington National Bank | SHI***** C. | SAINT PAUL, MN | $30,000 |
| 2024-02 | Northeast Bank | SAA*****LLC | ROCHESTER, MN | $79,700 |
| 2024-02 | Choice Financial Group | SOU*****.A. | MINNEAPOLIS, MN | $150,000 |
| 2024-02 | BankVista | E.D*****NC. | MINNEAPOLIS, MN | $95,400 |
| 2024-02 | Premier Bank Minnesota | Car*****nic | ROCHESTER, MN | $40,000 |
| 2024-02 | BayFirst National Bank | Rea*****nc. | MINNEAPOLIS, MN | $150,000 |
| 2024-02 | Alerus Financial, National Association | Min*****LLC | MINNEAPOLIS, MN | $760,000 |
| 2024-01 | BankVista | IND*****LLC | SARTELL, MN | $100,000 |
| 2023-12 | Northeast Bank | Sob*****LLC | SAINT CLOUD, MN | $50,000 |
| 2023-12 | Wells Fargo Bank National Association | ELI*****LLC | OTSEGO, MN | $15,000 |
| 2023-11 | U.S. Bank, National Association | URB*****APY | EDEN PRAIRIE, MN | $20,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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