SBA Loans for Nonupholstered Wood Household Furniture Manufacturing in Minnesota: Top Lenders
NAICS 337NAICS 337 covers nonupholstered wood household furniture manufacturing businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
9
in Minnesota
Median Loan Size
$697,100
per approval
Recent Activity
1
last 90 days through Jun 2025
NAICS 337 covers nonupholstered wood household furniture manufacturing businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $697,100.
Key trends & insights
- Nonupholstered Wood Household Furniture Manufacturing in Minnesota lending is concentrated — Minnwest Bank, Farmers AND Merchants State Bank OF Pierz, Security Bank USA together account for 56% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Minnwest Bank leads this industry with 2 approvals (22% market share) and a median loan of $1,530,000.
- Nonupholstered Wood Household Furniture Manufacturing in Minnesota loans run larger than the SBA average — a $697,100 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Nonupholstered Wood Household Furniture Manufacturing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,530,000 | |
| 2 | 2 | $58,500 | |
| 3 | 1 | $697,100 | |
| 4 | 1 | $650,000 | |
| 5 | 1 | $735,500 | |
| 6 | 1 | $3,191,000 | |
| 7 | 1 | $100,000 |
Recent SBA 7(a) approvals for Nonupholstered Wood Household Furniture Manufacturing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-06 | Tradition Capital Bank | Ber*****nc. | Hastings, MN | $3,191,000 |
| 2024-08 | First Bank & Trust | BRY*****LLC | PRINCETON, MN | $735,500 |
| 2024-04 | Frandsen Bank and Trust | Min*****LLC | Lonsdale, MN | $650,000 |
| 2023-02 | Minnwest Bank | Lea*****LLC | ROGERS, MN | $1,560,000 |
| 2023-02 | Minnwest Bank | Lea*****LLC | ROGERS, MN | $1,500,000 |
| 2022-08 | U.S. Bank, National Association | JIL*****LLC | CHASKA, MN | $100,000 |
| 2021-08 | Security Bank USA | NOR*****INC | BEMIDJI, MN | $697,100 |
| 2019-10 | Farmers and Merchants State Bank of Pierz | Ric*****LLC | Pierz, MN | $107,000 |
| 2019-10 | Farmers and Merchants State Bank of Pierz | Ric*****LLC | Pierz, MN | $10,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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