MyLenderPilot

SBA Loans for Fuel Dealers in Minnesota: Top Lenders

NAICS 454

NAICS 454 covers fuel dealers businesses in Minnesota. Based on historical SBA 7(a) lending data.

Total Approvals

13

in Minnesota

Median Loan Size

$115,000

per approval

Recent Activity

0

last 90 days through Aug 2022

NAICS 454 covers fuel dealers businesses. This is a smaller category in SBA 7(a) lending with 13 approvals on record and a median loan size of $115,000.

Key trends & insights

  • Fuel Dealers in Minnesota lending is concentrated — Wells Fargo Bank, National Association, OLD National Bank, Bell Bank together account for 54% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Wells Fargo Bank, National Association leads this industry with 3 approvals (23% market share) and a median loan of $15,000.
  • Fuel Dealers in Minnesota loans skew smaller than the SBA average at $115,000 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 2022-08-08 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for Fuel Dealers in Minnesota

#LenderApprovalsMedian Size
1
Wells Fargo Bank, National Association
3$15,000
2
OLD National Bank
3$150,000
3
Bell Bank
1$100,000
4
U.s. Bank, National Association
1$9,600
5
Bankvista
1$500,000
6
Cortrust Bank, National Association
1$150,000
7
Choice Financial Group
1$1,000,000
8
Frandsen Bank AND Trust
1$541,000
9
Bayfirst National Bank
1$115,000

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

MonthLenderBorrowerAmount
2024-04MY CUCor*****LLC$50,000
2024-02First National Community BankNor*****LLC$100,000
2022-08Wells Fargo Bank National AssociationB.L*****LLC$15,000
2022-07Wells Fargo Bank National AssociationSPE*****LLC$10,000
2022-07Granite BankHol*****LLC$350,000
2022-06BankVistaSNI*****INC$500,000
2022-05Sunrise Banks National AssociationArm*****LLC$75,000
2022-04Wells Fargo Bank National AssociationAPH*****LLC$15,000
2022-02Wells Fargo Bank National AssociationBAK*****LLC$15,000
2021-12U.S. Bank, National AssociationVen*****LLC$139,800
2021-12U.S. Bank, National AssociationVen*****LLC$139,500
2021-11Wells Fargo Bank National AssociationROS*****LLC$10,000
2021-11U.S. Bank, National AssociationSPE*****LLC$9,600
2021-07Old National BankA &*****Co.$1,026,000
2021-06Security Bank & Trust CompanySKJ*****LLC$350,000
2021-04Choice Financial GroupYou*****nc.$1,000,000
2021-04Bell BankPro*****Inc$100,000
2021-03Northeast Entrepreneur Fund, Inc.Dia*****LLC$63,100
2021-03Wells Fargo Bank National AssociationEVO*****INC$10,000
2021-03Wells Fargo Bank National AssociationMid*****LLC$15,000
2021-02Old National BankEng*****LLC$50,000
2021-02Old National BankEng*****LLC$1,267,600
2021-02Old National BankEng*****LLC$150,000
2020-12Granite BankMin*****LLC$50,000
2020-12Granite BankMin*****LLC$569,500
2020-11Wells Fargo Bank National AssociationULT*****LLC$15,000
2020-09CorTrust Bank National AssociationEis*****nc.$700,000
2020-0921st Century BankBEE*****LLC$150,000
2020-09Affinity Plus FCUBac*****LLC$20,000
2020-09Security Bank USASas*****LLC$15,000
2020-08CorTrust Bank National AssociationOye*****LLC$150,000
2020-08CorTrust Bank National AssociationOye*****LLC$275,000
2020-04Granite BankHol*****LLC$50,000
2020-04Frandsen Bank and TrustVog*****orp$541,000
2020-02BayFirst National BankXio*****LLC$115,000
2019-12U.S. Bank, National AssociationARE*****LLC$20,000
2019-11Wells Fargo Bank National AssociationALT*****NC.$5,000
2019-11Choice Financial GroupVel*****LLC$300,000
2019-10Magnifi Financial CUMas*****nc.$52,400
2019-10Magnifi Financial CUMas*****nc.$50,500

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

Save your lender shortlist & build your packet

Answer 2 more questions to refine your ranking and export a lender-ready packet.

Save & export my packet