21st Century Bank: SBA Lending Activity & Industry Focus

Top lender in MinnesotaTrending upDiverse industry mixActive lender

Based on historical SBA 7(a) lending data.

Total Approvals

by 21st Century Bank

Total Volume

$18,961,900

approved amount

Median Loan Size

$301,000

per approval

Recent Activity

last 90 days through Aug 2025

21st Century Bank is a lender serving Minnesota and Wisconsin lending across 23 different industries. With 48 SBA 7(a) approvals and a typical loan size of $301,000, their lending data provides a detailed picture of where and how they deploy SBA capital.

What you should know

Key insights derived from 21st Century Bank's SBA 7(a) lending history

Accelerating SBA activity

21st Century Bank's SBA lending is trending up — 9 approvals in the last 6 months vs. 6 in the prior period (+50%). Increasing volume can signal improved capacity and appetite for new borrowers.

Sweet spot: $150K–$350K loans

47% of 21st Century Bank's SBA loans fall in the $150K–$350K range. Their typical loan (median) is $300,000, with the middle 50% of loans between $171,000 and $425,000. If your loan request is in this range, you may see a faster, smoother process.

Local lender: primarily Minnesota

21st Century Bank focuses their SBA lending in 2 states, with 98% in Minnesota. Local lenders often prioritize community relationships and may be easier to work with if you're in their market.

Smaller SBA program

21st Century Bank has 48 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.

Diversified: 23 industries served

21st Century Bank lends across 23 different industry sectors with no single industry dominating. This broad experience means they can likely evaluate most business types, though they may not have deep expertise in any specific niche.

Lending trends for 21st Century Bank

↓ 44%loan volume YoY

↓ 65%dollar volume YoY

Total loaned ($)

Median loan size

Loan size distribution

Based on 49 SBA 7(a) approvals

Under $50K0 (0%)

$50K–$150K8 (16%)

$150K–$350K23 (47%)

$350K–$1M15 (31%)

$1M–$5M3 (6%)

Over $5M0 (0%)

Summary

Median (50th percentile)

$300,000

25th percentile

$171,000

75th percentile

$425,000

Average

$392,937

Typical range

$171,000

$425,000

States served

MN47 WI1

Less active

More active

State-by-state lending activity

#	State	Approvals	Median Size
1	Minnesota	47	$193,000
2	Wisconsin	1	$918,000

21st Century Bank by industry

Outpatient Mental Health and Substance Abuse Centers9 approvals Office Supplies and Stationery3 approvals Offices of Other Holding Companies3 approvals General Automotive Repair3 approvals Private Mail Centers3 approvals Lessors of Other Real Estate Property3 approvals Heavy Duty Truck Manufacturing2 approvals Other Community Housing Services2 approvals Industrial Machinery and Equipment Merchant Wholesalers2 approvals Framing Contractors2 approvals

Industry focus

#	Industry	NAICS	Approvals
1	Outpatient Mental Health and Substance Abuse Centers	621	9
2	Office Supplies and Stationery	453	3
3	Offices of Other Holding Companies	551	3
4	General Automotive Repair	811	3
5	Private Mail Centers	561	3
6	Lessors of Other Real Estate Property	531	3
7	Heavy Duty Truck Manufacturing	336	2
8	Other Community Housing Services	624	2
9	Industrial Machinery and Equipment Merchant Wholesalers	423	2
10	Framing Contractors	238	2

Recent SBA 7(a) approvals by 21st Century Bank

Month	Borrower	Location	Industry	Amount
2025-08	Evo*****LLC	MINNEAPOLIS, MN	Offices of Dentists	$340,000
2025-05	Nor*****Inc	ANDOVER, MN	Framing Contractors	$315,000
2025-01	Joe*****LTD	SAINT FRANCIS, MN	Automotive Body, Paint, and Interior Repair and Maintenance	$765,000
2024-08	Min*****.A.	ROSEVILLE, MN	Offices of Chiropractors	$380,000
2024-04	Jen*****nc.	CIRCLE PINES, MN	Insurance Agencies and Brokerages	$150,000
2024-02	Kic*****nc.	SAINT CLOUD, MN	All Other Specialty Trade Contractors	$540,000
2024-02	Kno*****nc.	INVER GROVE HEIGHTS, MN	Construction Sand and Gravel Mining	$150,000
2024-02	NOR*****NC.	BURNSVILLE, MN	Computer and Computer Peripheral Equipment and Software Merchant Whole	$200,000
2024-02	Met*****LLC	NORWOOD YOUNG AMERICA, MN	General Automotive Repair	$100,000
2023-11	Ref*****LLC	BURNSVILLE, MN	Beauty Salons	$300,000
2023-01	PRO*****NC.	ELK RIVER, MN	Insurance Agencies and Brokerages	$100,000
2022-10	AVI*****INC	Brooklyn Center, MN	Other Computer Related Services	$150,000
2022-04	BRA*****LLC	Buffalo, MN	Golf Courses and Country Clubs	$333,000
2022-03	Blu*****LLC	MINNEAPOLIS, MN	Private Mail Centers	$237,000
2022-02	Isa*****.C.	ISANTI, MN	Offices of Dentists	$200,000
2022-01	Feu*****LLC	LAKE ELMO, MN	Offices of Certified Public Accountants	$870,000
2021-12	LaC*****.A.	MINNEAPOLIS, MN	Offices of Dentists	$50,000
2021-11	LVs*****LLC	MINNEAPOLIS, MN	Barber Shops	$292,000
2021-11	Cul*****LLC	Edina, MN	Beauty Salons	$129,000
2021-08	Blu*****LLC	EDINA, MN	Office Supplies and Stationery	$171,000
2021-08	Web*****LLC	ROGERS, MN	Landscaping Services	$60,400
2021-08	Xpr*****LLC	MINNEAPOLIS, MN	Office Supplies and Stationery	$447,000
2021-07	Mid*****LLC	MINNEAPOLIS, MN	Industrial Machinery and Equipment Merchant Wholesalers	$1,380,000
2021-06	Sci*****.C.	SAINT PAUL, MN	Offices of Other Holding Companies	$290,000
2021-06	Sha*****LLC	St Paul, MN 55413, MN	Other Grocery and Related Products Merchant Wholesalers	$2,415,000
2021-06	Ser*****LLC	SAVAGE, MN	Outpatient Mental Health and Substance Abuse Centers	$100,000
2021-05	C-S*****LLC	SAINT PAUL, MN	Men's Clothing Stores	$200,000
2021-05	Vis*****LLC	STILLWATER, MN	Industrial Mold Manufacturing	$425,000
2021-04	Sen*****nc.	SAINT PAUL, MN	Used Household and Office Goods Moving	$258,000
2021-04	Met*****LLC	NORWOOD YOUNG AMERICA, MN	General Automotive Repair	$1,214,000
2021-03	REV*****LLC	SAINT PAUL, MN	Art Dealers	$427,500
2021-03	Str*****LLC	SHAKOPEE, MN	Offices of All Other Miscellaneous Health Practitioners	$193,000
2021-02	B&B*****LLC	BIG LAKE, MN	Heavy Duty Truck Manufacturing	$150,000
2021-02	B&B*****LLC	BIG LAKE, MN	Heavy Duty Truck Manufacturing	$250,000
2021-02	Nor*****LLC	SAINT PAUL, MN	Offices of Mental Health Practitioners (except Physicians)	$125,000
2021-02	Jus*****are	CHISAGO CITY, MN	Homes for the Elderly	$385,500
2020-11	EZ *****ota	WACONIA, MN	Offices of Other Holding Companies	$361,000
2020-08	Wal*****LLC	DELANO, MN	Offices of Other Holding Companies	$527,000
2020-08	Lil*****nc.	OTSEGO, MN	Child Day Care Services	$300,000
2020-08	NYA*****LLC	MINNETONKA, MN	Full-Service Restaurants	$545,000
2020-08	Bra*****any	MINNEAPOLIS, MN	Landscaping Services	$302,000
2020-08	Spi*****LLC	ST. LOUIS PARK, MN	Offices of Chiropractors	$362,000
2020-03	Cou*****LLC	BRAINERD, MN	Other Community Housing Services	$331,500
2020-02	Gen*****Inc	CORCORAN, MN	Lessors of Other Real Estate Property	$375,000
2020-02	Gen*****Inc	BECKER, MN	Lessors of Other Real Estate Property	$315,000
2020-02	Gen*****Inc	Brooklyn Park, MN	Lessors of Other Real Estate Property	$250,000
2020-01	Loo*****LLC	MINNEAPOLIS, MN	Offices of Dentists	$75,000
2019-11	Ben*****Inc	Golden Valley, MN	Commercial and Institutional Building Construction	$500,000
2019-10	KBG*****LLC	ELLSWORTH, WI	Electronic Shopping and Mail-Order Houses	$918,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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