Top SBA Lenders in Minnesota for Retail Trade
3 SBA 7(a) lenders active in Minnesota's retail trade sector.
Lenders
10 loans
Total Volume
Median Rate
State avg: Prime + 1.75%
Default Rate
State avg: 1.9%
Top Retail Trade Lenders in Minnesota
Rate Distribution (Retail Trade in Minnesota)
All Retail Trade Lenders in Minnesota
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | City & County CU | 4 | $2.8M | P+0.00% | 0.0% |
| 2 | First Bank & Trust | 3 | $6.8M | P+1.95% | 7.7% |
| 3 | First Resource Bank | 3 | $8.6M | P+1.75% | 0.0% |
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Customize your search →Retail Trade SBA Lending in Minnesota
3 SBA 7(a) lenders are active in Minnesota's retail trade sector, having originated 10 loans totaling $18.2M. The median rate for retail trade acquisitions in Minnesota is Prime + 1.85%, compared to the statewide median of Prime + 1.75%.
The 10-year cumulative default rate for this niche is 7.7%, which is above the state average of 1.9%.
Frequently Asked Questions
How many SBA lenders specialize in retail trade in Minnesota?
3 SBA 7(a) lenders have originated retail trade acquisition loans in Minnesota, with a combined 10 loans.
What rate can I expect for a retail trade acquisition in Minnesota?
The median rate is Prime + 1.85% (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 retail trade SBA loans in Minnesota?
The 10-year cumulative default rate is 7.7%, 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.