SBA Loans for Gasoline Stations with Convenience Stores in Minnesota: Top Lenders
NAICS 447NAICS 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
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $128,000 | |
| 2 | 3 | $221,700 | |
| 3 | 2 | $733,700 | |
| 4 | 1 | $600,000 | |
| 5 | 1 | $266,000 | |
| 6 | 1 | $777,300 | |
| 7 | 1 | $20,000 | |
| 8 | 1 | $74,600 | |
| 9 | 1 | $600,000 | |
| 10 | 1 | $580,000 |
Recent SBA 7(a) approvals for Gasoline Stations with Convenience Stores in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-04 | Frandsen Bank and Trust | Rus*****LLC | STANCHFIELD, MN | $777,300 |
| 2022-02 | Merchants Bank, National Association | Leg*****LLC | WINONA, MN | $1,366,600 |
| 2021-08 | Granite Bank | Min*****Inc | HOPKINS, MN | $150,000 |
| 2021-08 | Ultima Bank Minnesota | NOR*****ESS | FERTILE, MN | $20,000 |
| 2021-08 | Woodlands National Bank | MA*** | BURNSVILLE, MN | $600,000 |
| 2021-08 | Village Bank | Mid*****Inc | INVER GROVE HEIGHTS, MN | $611,400 |
| 2021-06 | Magnifi Financial CU | The***** C. | Avon, MN | $266,000 |
| 2021-04 | Citizens Community Federal National Association | Alp*****nc. | Rockville, MN | $600,000 |
| 2021-03 | Village Bank | M &*****Inc | MINNEAPOLIS, MN | $856,000 |
| 2021-03 | United Prairie Bank | A &*****LLC | HARTLAND, MN | $79,000 |
| 2021-03 | Granite Bank | Was*****nc. | SAINT PAUL, MN | $128,000 |
| 2021-03 | United Prairie Bank | A &*****LLC | HARTLAND, MN | $221,700 |
| 2021-03 | Citizens Bank & Trust Co | HUT*****INC | HUTCHINSON, MN | $74,600 |
| 2021-02 | Granite Bank | Min*****Inc | HOPKINS, MN | $128,000 |
| 2021-02 | United Prairie Bank | Mag*****LLC | HARRIS, MN | $635,000 |
| 2020-06 | Byline Bank | Cel*****Inc | MINNEAPOLIS, MN | $580,000 |
| 2020-04 | MidCountry Bank | TRI*****LCC | Minneapolis, MN | $1,038,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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