Top SBA Lenders in Minnesota for Health Care
3 SBA 7(a) lenders active in Minnesota's health care sector.
Lenders
17 loans
Total Volume
Median Rate
State avg: Prime + 1.75%
Default Rate
State avg: 1.9%
Top Health Care Lenders in Minnesota
Rate Distribution (Health Care in Minnesota)
All Health Care Lenders in Minnesota
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | BankVista | 7 | $3.6M | P+2.00% | 3.2% |
| 2 | Frandsen Bank & Trust | 7 | $5.7M | P+2.50% | 0.0% |
| 3 | First National Bank North | 3 | $4.3M | P+2.00% | 0.0% |
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Customize your search →Health Care SBA Lending in Minnesota
3 SBA 7(a) lenders are active in Minnesota's health care sector, having originated 17 loans totaling $13.6M. The median rate for health care acquisitions in Minnesota is Prime + 2.00%, compared to the statewide median of Prime + 1.75%.
The 10-year cumulative default rate for this niche is 3.2%, which is above the state average of 1.9%.
Frequently Asked Questions
How many SBA lenders specialize in health care in Minnesota?
3 SBA 7(a) lenders have originated health care acquisition loans in Minnesota, with a combined 17 loans.
What rate can I expect for a health care acquisition in Minnesota?
The median rate is Prime + 2.00% (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 health care SBA loans in Minnesota?
The 10-year cumulative default rate is 3.2%, 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.