SBA Loans for Seafood Product Preparation and Packaging in Minnesota: Top Lenders
NAICS 311NAICS 311 covers seafood product preparation and packaging businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
22
in Minnesota
Median Loan Size
$275,000
per approval
Recent Activity
4
last 90 days through Aug 2025
NAICS 311 covers seafood product preparation and packaging businesses. This is a smaller category in SBA 7(a) lending with 22 approvals on record and a median loan size of $275,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 4 approvals (18% market share) and a median loan of $96,000.
Most active SBA lenders for Seafood Product Preparation and Packaging in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $96,000 | |
| 2 | 3 | $450,000 | |
| 3 | 2 | $267,500 | |
| 4 | 2 | $263,250 | |
| 5 | 2 | $152,500 | |
| 6 | 1 | $61,000 | |
| 7 | 1 | $26,500 | |
| 8 | 1 | $490,000 | |
| 9 | 1 | $500,000 | |
| 10 | 1 | $300,000 | |
| 11 | 1 | $300,000 | |
| 12 | 1 | $135,000 | |
| 13 | 1 | $2,250,000 | |
| 14 | 1 | $340,000 |
Recent SBA 7(a) approvals for Seafood Product Preparation and Packaging in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Old National Bank | Pin*****LLC | LISMORE, MN | $465,000 |
| 2025-08 | Old National Bank | Glo*****LLC | LISMORE, MN | $70,000 |
| 2025-08 | Minnwest Bank | Wya*****LLC | ANOKA, MN | $490,000 |
| 2025-06 | Frandsen Bank and Trust | Swe*****LLC | New Ulm, MN | $141,000 |
| 2024-08 | The Huntington National Bank | Big*****Inc | EDEN PRAIRIE, MN | $350,000 |
| 2024-08 | BankVista | CRA***** C. | CHASKA, MN | $425,000 |
| 2024-08 | Frandsen Bank and Trust | Eur*****nc. | Le Center, MN | $450,000 |
| 2024-08 | Frandsen Bank and Trust | Eur*****nc. | Le Center, MN | $1,100,000 |
| 2024-07 | The Huntington National Bank | Wad*****.C. | MINNEAPOLIS, MN | $150,000 |
| 2024-04 | The Huntington National Bank | VIK*****PIE | SAINT PAUL, MN | $50,000 |
| 2023-08 | BankCherokee | Bre*****LLC | SAINT PAUL, MN | $193,600 |
| 2023-08 | National Bank of Commerce | Pat*****.C. | Grand Marais, MN | $984,000 |
| 2023-07 | Security Bank USA | Sti*****Co. | BEMIDJI, MN | $197,400 |
| 2023-07 | Security Bank USA | Sti*****Co. | Bemidji, MN | $1,500,000 |
| 2023-06 | Magnifi Financial CU | Sma*****LLC | ROBBINSDALE, MN | $250,000 |
| 2022-11 | Northeast Entrepreneur Fund, Inc. | Mik*****LLC | Duluth, MN | $61,000 |
| 2022-10 | BankVista | CRA*****LLC | CHASKA, MN | $101,500 |
| 2022-03 | Minnstar Bank National Association | Fay*****son | LAKE CRYSTAL, MN | $135,000 |
| 2022-01 | Magnifi Financial CU | Sma*****LLC | MOUNTAIN LAKE, MN | $55,000 |
| 2021-11 | BankCherokee | Bab*****LLC | BURNSVILLE, MN | $300,000 |
| 2021-08 | Alerus Financial, National Association | Rei*****nc. | ROCHESTER, MN | $2,250,000 |
| 2021-08 | Choice Financial Group | FFS*****LLC | CHASKA, MN | $340,000 |
| 2021-04 | The Huntington National Bank | Two*****LLC | Anoka, MN | $142,000 |
| 2021-04 | The Huntington National Bank | Two*****LLC | Anoka, MN | $30,000 |
| 2021-03 | Pioneer Bank | Get*****nc. | Minneapolis, MN | $500,000 |
| 2021-02 | Ultima Bank Minnesota | Cla*****ing | LENGBY, MN | $26,500 |
| 2021-02 | National Bank of Commerce | Bur*****LLC | Two Harbors, MN | $985,000 |
| 2020-12 | Eagle Rock Bank | Coo*****nc. | West Concord, MN | $417,500 |
| 2020-02 | Woodlands National Bank | FS**Inc | Red Wing, MN | $300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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