SBA Loans for Boat Dealers in Minnesota: Top Lenders
NAICS 441NAICS 441 covers boat dealers businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
11
in Minnesota
Median Loan Size
$100,000
per approval
Recent Activity
1
last 90 days through Nov 2025
NAICS 441 covers boat dealers businesses. This is a smaller category in SBA 7(a) lending with 11 approvals on record and a median loan size of $100,000.
Key trends & insights
- U.s. Bank, National Association leads this industry with 2 approvals (18% market share) and a median loan of $222,850.
- Boat Dealers in Minnesota loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Boat Dealers in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $222,850 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $50,000 | |
| 4 | 1 | $218,900 | |
| 5 | 1 | $200,000 | |
| 6 | 1 | $100,000 | |
| 7 | 1 | $15,000 | |
| 8 | 1 | $95,500 | |
| 9 | 1 | $80,000 | |
| 10 | 1 | $150,000 |
Recent SBA 7(a) approvals for Boat Dealers in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Stearns Bank National Association | MOH*****NC. | PINE CITY, MN | $80,000 |
| 2024-08 | Associated Bank, National Association | MAR*****LLC | MINNEAPOLIS, MN | $150,000 |
| 2024-08 | Associated Bank, National Association | MAR*****LLC | MINNEAPOLIS, MN | $355,000 |
| 2024-08 | Readycap Lending, LLC | Sou****ves | ANOKA, MN | $50,000 |
| 2024-06 | Welcome State Bank | Fee*****rts | WELCOME, MN | $100,000 |
| 2023-04 | Bravera Bank | Car*****LLC | Elk River, MN | $218,900 |
| 2022-08 | Celtic Bank Corporation | Rad*****com | Ottertail, MN | $95,500 |
| 2022-02 | U.S. Bank, National Association | Shi*****LLC | HARRIS, MN | $420,700 |
| 2021-07 | The Bank of Elk River | Tir*****LLC | Rockford, MN | $100,000 |
| 2021-07 | U.S. Bank, National Association | BRA*****LLC | SAINT PAUL, MN | $25,000 |
| 2021-06 | Wells Fargo Bank National Association | ALM*****LLC | WAYZATA, MN | $15,000 |
| 2020-04 | Premier Bank | Dia*****nc. | ANOKA, MN | $200,000 |
| 2020-02 | Magnifi Financial CU | In *****LLC | COLD SPRING, MN | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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