SBA Loans for All Other Home Furnishings Stores in Minnesota: Top Lenders
NAICS 442NAICS 442 covers all other home furnishings stores businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
10
in Minnesota
Median Loan Size
$129,000
per approval
Recent Activity
0
last 90 days through Nov 2021
NAICS 442 covers all other home furnishings stores businesses. This is a smaller category in SBA 7(a) lending with 10 approvals on record and a median loan size of $129,000.
Key trends & insights
- All Other Home Furnishings Stores in Minnesota lending is concentrated — American National Bank, THE State Bank OF Faribault, Granite Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- American National Bank leads this industry with 2 approvals (20% market share) and a median loan of $394,850.
- All Other Home Furnishings Stores in Minnesota loans skew smaller than the SBA average at $129,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2021-11-17 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for All Other Home Furnishings Stores in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $394,850 | |
| 2 | 2 | $129,000 | |
| 3 | 2 | $106,000 | |
| 4 | 1 | $237,000 | |
| 5 | 1 | $8,000 | |
| 6 | 1 | $500,000 | |
| 7 | 1 | $638,000 |
Recent SBA 7(a) approvals for All Other Home Furnishings Stores in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-05 | BankVista | HAR*****LLC | SAINT JOSEPH, MN | $250,000 |
| 2022-01 | BankVista | HAR*****LLC | SAINT JOSEPH, MN | $33,400 |
| 2021-11 | American National Bank | Hop*****nc. | HOPKINS, MN | $689,700 |
| 2021-11 | American National Bank | Hop*****nc. | HOPKINS, MN | $100,000 |
| 2021-09 | BankVista | HAR*****LLC | SAINT JOSEPH, MN | $1,358,000 |
| 2021-09 | Citizens Bank & Trust Co | KAB*****PET | HUTCHINSON, MN | $100,000 |
| 2021-08 | Granite Bank | Flo*****Inc | MAPLE GROVE, MN | $112,000 |
| 2021-08 | Granite Bank | Flo*****Inc | MAPLE GROVE, MN | $100,000 |
| 2021-08 | Alerus Financial, National Association | My *****ace | ROCHESTER, MN | $1,220,000 |
| 2021-06 | Old National Bank | Cas*****LLC | SAINT PAUL, MN | $720,000 |
| 2021-06 | Citizens Bank | Sch*****LLC | MINNEAPOLIS, MN | $320,800 |
| 2021-05 | Brookline Bank, a Division of Beacon Bank and Trust | R.P*****nc. | PLYMOUTH, MN | $500,000 |
| 2021-04 | Stearns Bank National Association | KAS****LLC | SAINT CLOUD, MN | $150,000 |
| 2021-04 | Minnwest Bank | Cop*****.C. | SAUK RAPIDS, MN | $638,000 |
| 2021-02 | Magnifi Financial CU | Spi*****LLC | SPICER, MN | $237,000 |
| 2021-01 | First Farmers & Merchants Bank | Fiv*****nc. | DUNDAS, MN | $220,000 |
| 2020-09 | Northeast Entrepreneur Fund, Inc. | Bab*****LLC | Little Falls, MN | $156,700 |
| 2020-05 | Ultima Bank Minnesota | Jun*****res | BEMIDJI, MN | $8,000 |
| 2020-04 | U.S. Bank, National Association | SOS*****LLC | SAINT PAUL, MN | $153,500 |
| 2020-04 | U.S. Bank, National Association | SOS*****LLC | SAINT PAUL, MN | $3,442,000 |
| 2019-11 | Old National Bank | Fly*****ted | MINNEAPOLIS, MN | $272,600 |
| 2019-11 | The State Bank of Faribault | Flo*****Inc | PRIOR LAKE, MN | $127,000 |
| 2019-11 | The State Bank of Faribault | Flo*****Inc | PRIOR LAKE, MN | $131,000 |
| 2019-10 | U.S. Bank, National Association | COM*****LLC | SAINT PAUL, MN | $35,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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