Top SBA Lenders in Minnesota for Administrative & Support Services
4 SBA 7(a) lenders active in Minnesota's administrative & support services sector.
Lenders
14 loans
Total Volume
Median Rate
State avg: Prime + 1.75%
Default Rate
State avg: 1.9%
Top Administrative & Support Services Lenders in Minnesota
Rate Distribution (Administrative & Support Services in Minnesota)
All Administrative & Support Services Lenders in Minnesota
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | First Bank & Trust | 4 | $1.9M | P+2.55% | 2.2% |
| 2 | BankVista | 4 | $1.5M | P+2.00% | 3.2% |
| 3 | Scale Bank | 3 | $1.8M | P+0.75% | 0.0% |
| 4 | The Huntington National Bank | 3 | $4.9M | P+2.25% | 1.5% |
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Customize your search →Administrative & Support Services SBA Lending in Minnesota
4 SBA 7(a) lenders are active in Minnesota's administrative & support services sector, having originated 14 loans totaling $10.2M. The median rate for administrative & support services acquisitions in Minnesota is Prime + 2.13%, compared to the statewide median of Prime + 1.75%.
The 10-year cumulative default rate for this niche is 2.2%, which is above the state average of 1.9%.
Frequently Asked Questions
How many SBA lenders specialize in administrative & support services in Minnesota?
4 SBA 7(a) lenders have originated administrative & support services acquisition loans in Minnesota, with a combined 14 loans.
What rate can I expect for a administrative & support services acquisition in Minnesota?
The median rate is Prime + 2.13% (Prime + spread). This compares to a statewide median of Prime + 1.75%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for administrative & support services SBA loans in Minnesota?
The 10-year cumulative default rate is 2.2%, compared to a statewide average of 1.9%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.