SBA 7(a) Loans in Minneapolis, MN
Find lenders offering sba 7(a) loans in the Minneapolis, including St. Paul, Bloomington, Plymouth, and surrounding areas. Compare rates, terms, and programs from 79 lenders.
Which SBA 7(a) lenders serve Minneapolis?
79 lenders offering sba 7(a) loans in the Minneapolis, MN area.
BankVista
Local SBASARTELL, MN
Sartell, Minnesota-based community bank offering SBA 7(a) loans, commercial real estate, and business banking. Serves small businesses across central Minnesota with personalized lending.
US Bank
LocalMinneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Falcon National Bank
Local SBAFOLEY, MN
Magnifi Financial CU
Local SBAMELROSE, MN
Platinum Bank
Local SBAOAKDALE, MN
Stearns Bank National Association
Local SBASAINT CLOUD, MN
Sunrise Banks National Association
Local SBASAINT PAUL, MN
CRF Small Business Loan Company, LLC
Local SBAMINNEAPOLIS, MN
First Resource Bank
Local SBALINO LAKES, MN
Frandsen Bank and Trust
Local SBAArden Hills, MN
Minnwest Bank
Local SBAREDWOOD FALLS, MN
Bridgewater Bank
Local SBASAINT LOUIS PARK, MN
Highland Bank
Local SBASt. Paul, MN
21st Century Bank
Local SBALORETTO, MN
EntreBank
Local SBABLOOMINGTON, MN
What does the Minneapolis commercial real estate market look like?
Minneapolis, together with neighboring St. Paul, forms one of the most diversified and corporate-rich CRE markets in the Midwest, anchored by 16 Fortune 500 headquarters. The downtown office market is concentrated along Nicollet Mall and the Marquette Avenue financial corridor, with the skyway system connecting 9.5 miles of enclosed retail and office space. The North Loop (Warehouse District) has become the metro's premier creative office and luxury multifamily submarket, attracting tech companies and startups. The I-394 and I-494 suburban corridors in Minnetonka, Bloomington, and Eden Prairie form a large secondary office market, while industrial demand is strongest in the northwest suburbs around Maple Grove and Rogers along I-94.
Key Economic Drivers
- ●Fortune 500 headquarters including Target, UnitedHealth Group, U.S. Bancorp, and Best Buy
- ●University of Minnesota Twin Cities research campus and medical device innovation ecosystem
- ●Mayo Clinic Health System, Allina Health, and Hennepin Healthcare medical campuses
- ●MSP International Airport and the Bloomington/Mall of America retail and hospitality cluster
Market Insight
Minneapolis was the first major U.S. city to eliminate single-family-only zoning citywide in its 2040 Comprehensive Plan, significantly expanding multifamily and mixed-use development potential across neighborhoods that were previously restricted to single-family housing.
How do sba 7(a) loans work in Minneapolis, Minnesota?
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Minneapolis metro area, borrowers can access 79 lenders offering SBA 7(a) financing, including St. Paul, Bloomington, Plymouth, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who should consider sba 7(a) loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
What are the key requirements?
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
SBA 7(a) Loans in Minneapolis FAQ
How many SBA 7(a) lenders serve Minneapolis, MN? ▼
What are SBA 7(a) loan rates in Minneapolis? ▼
How long does an SBA 7(a) loan take to close? ▼
Can I use an SBA 7(a) for real estate? ▼
What's the difference between SBA 7(a) and 504? ▼
Where else can I find sba 7(a) loans in Minnesota?
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