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SBA Loans for Gasoline Stations with Convenience Stores in Minnesota: Top Lenders

NAICS 447

NAICS 447 covers gasoline stations with convenience stores businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

15

in Minnesota

Median Loan Size

$266,000

per approval

Recent Activity

0

last 90 days through Apr 2023

NAICS 447 covers gasoline stations with convenience stores businesses. This is a smaller category in SBA 7(a) lending with 15 approvals on record and a median loan size of $266,000.

Key trends & insights

  • Gasoline Stations with Convenience Stores in Minnesota lending is concentrated — Granite Bank, United Prairie Bank, Village Bank together account for 53% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Granite Bank leads this industry with 3 approvals (20% market share) and a median loan of $128,000.
  • SBA data for this industry goes through 2023-04-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Gasoline Stations with Convenience Stores in Minnesota

#LenderApprovalsMedian Size
1
Granite Bank
3$128,000
2
United Prairie Bank
3$221,700
3
Village Bank
2$733,700
4
Woodlands National Bank
1$600,000
5
Magnifi Financial CU
1$266,000
6
Frandsen Bank AND Trust
1$777,300
7
Ultima Bank Minnesota
1$20,000
8
Citizens Bank & Trust CO
1$74,600
9
Citizens Community Federal, National Association
1$600,000
10
Byline Bank
1$580,000

Recent SBA 7(a) approvals for Gasoline Stations with Convenience Stores in Minnesota

MonthLenderBorrowerAmount
2024-08Millennium BankHar****LLC$1,294,500
2023-04Frandsen Bank and TrustRus*****LLC$777,300
2022-02Merchants Bank, National AssociationLeg*****LLC$1,366,600
2021-1221st Century BankAA&*****any$945,000
2021-09Prime Security BankKAR*****LLC$25,000
2021-09Northeast BankKAB*****Co.$160,000
2021-08Aspire BankCor*****LLC$100,000
2021-08Aspire BankCor*****LLC$250,000
2021-08Granite BankMin*****Inc$150,000
2021-08Woodlands National BankMA***$600,000
2021-08Village BankMid*****Inc$611,400
2021-08Ultima Bank MinnesotaNOR*****ESS$20,000
2021-08Woodlands National BankOld*****Inc$738,000
2021-08Minnwest BankAmb*****LLC$189,000
2021-07Granite BankWay*****Inc$250,000
2021-07Lakeview BankDY *****LLC$1,000,000
2021-06Magnifi Financial CUThe***** C.$266,000
2021-06Citizens State Bank of Waverly, Inc.HL *****.C.$2,091,000
2021-05The MINT National BankMK *****Inc$835,000
2021-04Citizens Community Federal National AssociationAlp*****nc.$600,000
2021-04Citizens Community Federal National AssociationMid*****LLC$350,000
2021-03Granite BankWas*****nc.$128,000
2021-03United Prairie BankA &*****LLC$79,000
2021-03Village BankM &*****Inc$856,000
2021-03Northeast Entrepreneur Fund, Inc.Sid*****LLC$85,000
2021-03United Prairie BankA &*****LLC$221,700
2021-03Citizens Bank & Trust CoHUT*****INC$74,600
2021-03United Prairie BankA &*****LLC$908,000
2021-03United Prairie BankA &*****LLC$154,000
2021-03United Prairie BankA &*****LLC$807,500
2021-03United Prairie BankA &*****LLC$568,000
2021-03United Prairie BankA &*****LLC$252,000
2021-02Granite BankMin*****Inc$128,000
2021-02United Prairie BankMag*****LLC$635,000
2021-02Byline BankAla*****ion$474,000
2020-11Security Bank USAMy *****LLC$50,000
2020-11Northeast Entrepreneur Fund, Inc.Min*****nc.$156,300
2020-10Old National BankNel*****nc.$980,000
2020-07MidCountry BankTRI*****LLC$1,038,000
2020-06Byline BankCel*****Inc$580,000
2020-04MidCountry BankTRI*****LCC$1,038,000
2020-03The Bank of HoustonFro*****nc.$945,000
2020-03Security Bank USAMy *****LLC$60,000
2020-02United Prairie BankPF *****LLC$56,800
2019-10Falcon National BankWip*****Inc$970,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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