SBA Loans for Nursery and Tree Production in Minnesota: Top Lenders
NAICS 111NAICS 111 covers nursery and tree production businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
13
in Minnesota
Median Loan Size
$500,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 111 covers nursery and tree production businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $500,000.
Key trends & insights
- Nursery and Tree Production in Minnesota lending is concentrated — RED River State Bank, Highland Bank, Ultima Bank Minnesota together account for 77% of all approvals. If you're in this industry, these are your highest-probability lenders.
- RED River State Bank leads this industry with 6 approvals (46% market share) and a median loan of $1,665,000.
- SBA data for this industry goes through 2025-02-28 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Nursery and Tree Production in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $1,665,000 | |
| 2 | 2 | $500,000 | |
| 3 | 2 | $165,000 | |
| 4 | 1 | $70,000 | |
| 5 | 1 | $32,800 | |
| 6 | 1 | $1,000,000 |
Recent SBA 7(a) approvals for Nursery and Tree Production in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-09 | Accion Opportunity Fund Community Development | Rya*****rms | Goodhue, MN | $350,000 |
| 2025-05 | Red River State Bank | Rob*****son | CLEARBROOK, MN | $2,500,000 |
| 2025-03 | ProGrowth Bank | Ran*****nst | Nicollet, MN | $475,000 |
| 2025-02 | Newtek Bank, National Association | Pra*****Inc | Princeton, MN | $1,000,000 |
| 2024-07 | Wells Fargo Bank National Association | TRI*****LLC | ROSEMOUNT, MN | $15,000 |
| 2024-06 | Ultima Bank Minnesota | Mid*****ems | BAGLEY, MN | $300,000 |
| 2024-02 | Ultima Bank Minnesota | BB *****ski | STEPHEN, MN | $1,000,000 |
| 2024-02 | Highland Bank | Lyn*****nc. | Maple Grove, MN | $500,000 |
| 2024-02 | Highland Bank | Lyn*****nc. | Maple Grove, MN | $500,000 |
| 2024-01 | Newtek Bank, National Association | Pra*****nc. | Princeton, MN | $2,000,000 |
| 2023-12 | Wells Fargo Bank National Association | HAP*****LLC | ROSEVILLE, MN | $50,000 |
| 2023-09 | Wells Fargo Bank National Association | UZA*****LLC | PLYMOUTH, MN | $15,000 |
| 2022-11 | First Bank & Trust | MIN*****LLC | Spring Lake Park, MN | $665,100 |
| 2022-10 | Ultima Bank Minnesota | BB *****ski | STEPHEN, MN | $4,000,000 |
| 2022-06 | Pine River State Bank | Tho*****uce | Nowthen, MN | $70,000 |
| 2022-03 | Ultima Bank Minnesota | Cra*****tad | FERTILE, MN | $225,000 |
| 2021-11 | Ultima Bank Minnesota | Jef*****etz | Mahnomen, MN | $552,000 |
| 2021-10 | BayFirst National Bank | Mar*****tad | GRANITE FALLS, MN | $150,000 |
| 2021-09 | Ultima Bank Minnesota | Dea*****alz | MAHNOMEN, MN | $17,000 |
| 2021-09 | Ultima Bank Minnesota | Kra*****son | LAKE PARK, MN | $350,000 |
| 2021-09 | The Bank of Elk River | Gre*****nc. | ANOKA, MN | $5,000,000 |
| 2021-09 | Ultima Bank Minnesota | Mat*****gen | APPLETON, MN | $218,800 |
| 2021-09 | Ultima Bank Minnesota | Jef*****etz | MAHNOMEN, MN | $20,000 |
| 2021-08 | Ultima Bank Minnesota | Mar*****ann | FERTILE, MN | $43,000 |
| 2021-08 | Ultima Bank Minnesota | Cha*****sen | FOSSTON, MN | $30,000 |
| 2021-08 | Ultima Bank Minnesota | Jar*****eft | GULLY, MN | $100,000 |
| 2021-07 | Ultima Bank Minnesota | Ada*****lum | BEJOU, MN | $52,000 |
| 2021-07 | Ultima Bank Minnesota | Mar*****son | FERTILE, MN | $92,500 |
| 2021-06 | Ultima Bank Minnesota | Alt*****PTR | FERTILE, MN | $300,000 |
| 2021-06 | Magnifi Financial CU | Mal*****rms | VILLARD, MN | $945,500 |
| 2021-05 | 21st Century Bank | Hen*****nc. | ANDOVER, MN | $278,000 |
| 2021-04 | Ultima Bank Minnesota | Chr*****tad | FERTILE, MN | $243,500 |
| 2021-03 | Ultima Bank Minnesota | Cur*****son | LAKE PARK, MN | $500,000 |
| 2021-03 | Red River State Bank | Mic*****lte | HALSTAD, MN | $300,000 |
| 2021-03 | Red River State Bank | Mic*****lte | HALSTAD, MN | $1,930,000 |
| 2021-03 | Red River State Bank | Kyl*****ene | SHELLY, MN | $325,000 |
| 2021-03 | Red River State Bank | Tra*****use | WHEATON, MN | $1,967,000 |
| 2021-03 | Red River State Bank | Rag*****hip | WHEATON, MN | $466,600 |
| 2021-03 | Red River State Bank | Rag*****hip | WHEATON, MN | $3,700,000 |
| 2021-03 | First Western Bank & Trust | Dou*****LLC | Lake Shore, MN | $81,000 |
| 2021-03 | First Western Bank & Trust | Gna*****LLC | Pequot Lakes, MN | $53,800 |
| 2021-03 | Ultima Bank Minnesota | Gra*****tic | PUPOSKY, MN | $25,000 |
| 2021-03 | Red River State Bank | Tro*****son | FERTILE, MN | $600,000 |
| 2021-03 | Red River State Bank | Ran*****der | GARY, MN | $130,500 |
| 2021-03 | Bravera Bank | Ran*****son | MILACA, MN | $700,000 |
| 2021-03 | Ergo Bank | Jac*****kre | HALSTAD, MN | $150,000 |
| 2021-03 | United Prairie Bank | Kyl****rey | MAPLETON, MN | $340,000 |
| 2021-02 | Red River State Bank | Pat*****phy | MOORHEAD, MN | $150,000 |
| 2021-02 | Red River State Bank | Tre*****ord | GARY, MN | $175,000 |
| 2021-02 | Red River State Bank | Dyl*****her | GARY, MN | $480,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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