SBA Loans for Art Dealers in Minnesota: Top Lenders

NAICS 453

NAICS 453 covers art dealers businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

24

in Minnesota

Median Loan Size

$185,500

per approval

Recent Activity

0

last 90 days through Aug 2023

NAICS 453 covers art dealers businesses. This is a smaller category in SBA 7(a) lending with 24 approvals on record and a median loan size of $185,500.

Key trends & insights

  • Art Dealers in Minnesota loans skew smaller than the SBA average at $185,500 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 2023-08-25 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Art Dealers in Minnesota

#LenderApprovalsMedian Size
13$427,500
23$350,000
33$150,000
42$200,000
52$274,500
61$1,000,000
71$50,000
81$75,000
91$340,000
101$15,000
111$100,000
121$40,000
131$350,000
141$200,000
151$99,000
161$5,000

Recent SBA 7(a) approvals for Art Dealers in Minnesota

MonthLenderBorrowerAmount
2023-08BankVistaEP *****RP.$300,000
2023-08BankVistaEP *****RP.$100,000
2022-08Wells Fargo Bank National AssociationCUR*****LLC$15,000
2022-06Village BankSty*****LLC$391,500
2022-05Magnifi Financial CUChe*****LLC$50,000
2022-01Newtek Small Business Finance, Inc.INF*****POR$99,000
2021-12Kensington BankIm**cks$75,000
2021-0821st Century BankBlu*****LLC$171,000
2021-08Sunrise Banks National AssociationMod*****LLC$350,000
2021-0821st Century BankXpr*****LLC$447,000
2021-08The Bank of Elk RiverPre*****nc.$1,000,000
2021-07Sunrise Banks National AssociationLov*****nc.$280,000
2021-06Sunrise Banks National AssociationLov*****c.)$350,000
2021-03Scale BankPet*****LLC$340,000
2021-03Highland BankCre*****nc.$350,000
2021-0321st Century BankREV*****LLC$427,500
2021-02Red River State BankMor*****LLC$40,000
2020-11Byline BankSpr*****LLP$200,000
2020-08Village BankAdd*****LLC$157,500
2020-08Security Bank USASas*****LLC$5,000
2020-08BankCherokeeWet*****ing$220,000
2020-08BankCherokeeWet*****ing$150,000
2020-05BankCherokeeAUS*****ALS$35,000
2020-04UMB Bank, National AssociationDOG*****INC$100,000

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

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