Top SBA Lenders in Minnesota for Other Services
4 SBA 7(a) lenders active in Minnesota's other services sector.
Lenders
15 loans
Total Volume
Median Rate
State avg: Prime + 1.75%
Default Rate
State avg: 1.9%
Top Other Services Lenders in Minnesota
Rate Distribution (Other Services in Minnesota)
All Other Services Lenders in Minnesota
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Old National Bank | 5 | $5.0M | P+0.30% | 1.9% |
| 2 | Frandsen Bank & Trust | 4 | $443K | P+2.38% | 0.0% |
| 3 | United Prairie Bank | 3 | $3.4M | P+2.00% | 0.0% |
| 4 | Associated Bank, National Association | 3 | $1.6M | P+0.67% | 0.0% |
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Customize your search →Other Services SBA Lending in Minnesota
4 SBA 7(a) lenders are active in Minnesota's other services sector, having originated 15 loans totaling $10.5M. The median rate for other services acquisitions in Minnesota is Prime + 1.34%, compared to the statewide median of Prime + 1.75%.
The 10-year cumulative default rate for this niche is 1.9%, which is above the state average of 1.9%.
Frequently Asked Questions
How many SBA lenders specialize in other services in Minnesota?
4 SBA 7(a) lenders have originated other services acquisition loans in Minnesota, with a combined 15 loans.
What rate can I expect for a other services acquisition in Minnesota?
The median rate is Prime + 1.34% (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 other services SBA loans in Minnesota?
The 10-year cumulative default rate is 1.9%, 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.