SBA Loans for Child Day Care Services in Minnesota: Top Lenders
NAICS 624NAICS 624 covers child day care services businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
20
in Minnesota
Median Loan Size
$81,500
per approval
Recent Activity
2
last 90 days through Nov 2025
NAICS 624 covers child day care services businesses. This is a smaller category in SBA 7(a) lending with 20 approvals on record and a median loan size of $81,500.
Key trends & insights
- U.s. Bank, National Association leads this industry with 3 approvals (15% market share) and a median loan of $51,000.
- Child Day Care Services in Minnesota loans skew smaller than the SBA average at $81,500 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 Child Day Care Services in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $51,000 | |
| 2 | 2 | $12,500 | |
| 3 | 2 | $65,000 | |
| 4 | 2 | $315,750 | |
| 5 | 1 | $442,700 | |
| 6 | 1 | $500,000 | |
| 7 | 1 | $22,000 | |
| 8 | 1 | $1,020,000 | |
| 9 | 1 | $440,000 | |
| 10 | 1 | $50,000 | |
| 11 | 1 | $83,000 | |
| 12 | 1 | $753,300 | |
| 13 | 1 | $1,268,000 | |
| 14 | 1 | $25,000 | |
| 15 | 1 | $200,000 |
Recent SBA 7(a) approvals for Child Day Care Services in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Live Oak Banking Company | OFF*****NC. | WOODBURY, MN | $1,020,000 |
| 2025-08 | Community Resource Bank | Dre*****LLC | MINNEAPOLIS, MN | $200,000 |
| 2025-02 | First Children's Finance | Mou*****LLC | Eden Prairie, MN | $50,000 |
| 2025-01 | U.S. Bank, National Association | DOO*****LLC | MINNEAPOLIS, MN | $51,000 |
| 2025-01 | U.S. Bank, National Association | DOO*****LLC | MINNEAPOLIS, MN | $51,000 |
| 2024-08 | First Children's Finance | Sun*****nc. | Saint Paul, MN | $80,000 |
| 2024-07 | Readycap Lending, LLC | Kin*****LLC | PRINCETON, MN | $50,000 |
| 2024-02 | Old National Bank | Kid*****nc. | PRIOR LAKE, MN | $500,000 |
| 2023-12 | U.S. Bank, National Association | BLU*****LLC | CIRCLE PINES, MN | $50,000 |
| 2023-06 | BankVista | JAR*****LLC | ROSEVILLE, MN | $1,268,000 |
| 2022-11 | Wells Fargo Bank National Association | AZ *****LLC | VIRGINIA, MN | $15,000 |
| 2022-04 | First Children's Finance | A N*****LLC | White Bear Lake, MN | $105,000 |
| 2022-04 | Hiawatha National Bank | Ass*****LLC | MINNEAPOLIS, MN | $442,700 |
| 2022-02 | Bravera Bank | Piv*****LLC | BUFFALO, MN | $25,000 |
| 2022-01 | Granite Bank | Ave*****LLC | Saint Paul, MN | $50,000 |
| 2021-11 | Byline Bank | Qua*****nc. | AUSTIN, MN | $400,000 |
| 2021-08 | National Bank of Commerce | Lit*****LLC | DULUTH, MN | $22,000 |
| 2021-08 | U.S. Bank, National Association | GRE*****LLC | LAKEVILLE, MN | $50,000 |
| 2021-08 | Associated Bank, National Association | 532*****LLC | Minneapolis, MN | $753,300 |
| 2021-08 | Magnifi Financial CU | Big*****LLC | Anoka, MN | $83,000 |
| 2021-05 | Frandsen Bank and Trust | Cor*****LLC | FARMINGTON, MN | $440,000 |
| 2021-04 | Old National Bank | Lan*****LLC | Eden Prairie, MN | $1,543,900 |
| 2020-10 | Wells Fargo Bank National Association | KIM*****ARE | EDEN PRAIRIE, MN | $20,000 |
| 2020-08 | 21st Century Bank | Lil*****nc. | OTSEGO, MN | $300,000 |
| 2020-03 | 21st Century Bank | Cou*****LLC | BRAINERD, MN | $331,500 |
| 2020-02 | Woodlands National Bank | Pat*****Inc | Saint Paul, MN | $125,000 |
| 2020-01 | Wells Fargo Bank National Association | HYP*****ANY | BROOKLYN CENTER, MN | $5,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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