SBA Loans for General Freight Trucking in Minnesota: Top Lenders
NAICS 484NAICS 484 covers general freight trucking, local businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
84
in Minnesota
Median Loan Size
$143,250
per approval
Recent Activity
2
last 90 days through Jul 2025
NAICS 484 covers general freight trucking, local businesses. This is a smaller category in SBA 7(a) lending with 84 approvals on record and a median loan size of $143,250.
Key trends & insights
- Granite Bank leads this industry with 12 approvals (17% market share) and a median loan of $157,500.
- General Freight Trucking in Minnesota loans skew smaller than the SBA average at $143,250 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for General Freight Trucking in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 12 | $157,500 | |
| 2 | 6 | $15,000 | |
| 3 | 6 | $227,700 | |
| 4 | 5 | $30,200 | |
| 5 | 5 | $50,000 | |
| 6 | 4 | $289,000 | |
| 7 | 4 | $131,500 | |
| 8 | 4 | $143,750 | |
| 9 | 3 | $139,000 | |
| 10 | 3 | $72,000 | |
| 11 | 2 | $98,750 | |
| 12 | 2 | $17,500 | |
| 13 | 2 | $32,000 | |
| 14 | 2 | $134,500 | |
| 15 | 2 | $303,300 | |
| 16 | 2 | $798,000 | |
| 17 | 2 | $378,500 | |
| 18 | 2 | $48,500 | |
| 19 | 1 | $14,000 | |
| 20 | 1 | $50,000 |
Recent SBA 7(a) approvals for General Freight Trucking in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-07 | Platinum Bank | Mak****Inc | MAHTOMEDI, MN | $865,000 |
| 2025-06 | Falcon National Bank | Wes*****LLC | CUSHING, MN | $200,000 |
| 2025-05 | Minnwest Bank | Ben***** C. | ROCHESTER, MN | $1,228,000 |
| 2025-05 | Minnwest Bank | TMT*****LLC | MANKATO, MN | $25,000 |
| 2025-05 | Minnwest Bank | TMT*****LLC | MANKATO, MN | $178,000 |
| 2025-04 | Security Bank USA | Rob*****ter | CASS LAKE, MN | $32,300 |
| 2025-03 | Granite Bank | Nor*****LLC | Coon Rapids, MN | $210,000 |
| 2025-02 | Granite Bank | kos*****ANY | Andover, MN | $200,000 |
| 2025-01 | The Huntington National Bank | KIN*****.C. | MINNEAPOLIS, MN | $72,000 |
| 2025-01 | Farmers and Merchants Savings Bank | Pre*****LLC | Rochester, MN | $965,000 |
| 2024-11 | Wells Fargo Bank National Association | L&R*****ORP | COON RAPIDS, MN | $10,000 |
| 2024-11 | Granite Bank | JAM*****.C. | Andover, MN | $120,000 |
| 2024-11 | Northeast Bank | Sam*****LLC | Mankato, MN | $50,000 |
| 2024-08 | Hiawatha National Bank | Mec*****LLC | SOUTH SAINT PAUL, MN | $155,000 |
| 2024-08 | First Bank of the Lake | Epp*****LLC | BLUE EARTH, MN | $150,000 |
| 2024-06 | The Huntington National Bank | CLA*****.C. | SAINT MICHAEL, MN | $35,800 |
| 2024-04 | Granite Bank | Lem****LLC | Shakopee, MN | $240,000 |
| 2024-04 | Choice Financial Group | Bro*****LLC | Eagan, MN | $621,000 |
| 2024-03 | Hiawatha National Bank | Gue*****LLP | ROSEMOUNT, MN | $142,500 |
| 2024-03 | Wells Fargo Bank National Association | BRE*****LLC | WILLMAR, MN | $15,000 |
| 2024-02 | The Huntington National Bank | Max*****LLC | MINNEAPOLIS, MN | $63,800 |
| 2024-01 | Wells Fargo Bank National Association | K-3*****LLC | WEST SAINT PAUL, MN | $25,000 |
| 2023-08 | Members Cooperative Credit Union | Sol*****LTD | COTTON, MN | $72,000 |
| 2023-06 | Granite Bank | Du***LLC | Ramsey, MN | $225,000 |
| 2023-05 | Hiawatha National Bank | Tho*****art | SAINT PAUL, MN | $12,000 |
| 2023-02 | Frandsen Bank and Trust | Mov*****LLC | Maplewood, MN | $346,000 |
| 2022-12 | Wells Fargo Bank National Association | SAM*****LLC | MINNEAPOLIS, MN | $15,000 |
| 2022-12 | Wells Fargo Bank National Association | BRO*****ORT | EXCELSIOR, MN | $15,000 |
| 2022-11 | Granite Bank | KO****LLC | Lino Lakes, MN | $50,000 |
| 2022-11 | Pine River State Bank | Pla*****Inc | SAINT FRANCIS, MN | $125,000 |
| 2022-10 | Hiawatha National Bank | Tho*****art | COTTAGE GROVE, MN | $145,000 |
| 2022-08 | Newtek Small Business Finance, Inc. | Eag*****Inc | MINNEAPOLIS, MN | $330,000 |
| 2022-08 | Lake Region Bank | Dar*****nc. | PENNOCK, MN | $185,800 |
| 2022-08 | Security Bank Minnesota | DAV*****LLC | ALBERT LEA, MN | $14,000 |
| 2022-08 | Granite Bank | Dak*****LLC | Saint Paul, MN | $67,000 |
| 2022-07 | U.S. Bank, National Association | BES*****LLC | BARNUM, MN | $14,000 |
| 2022-07 | U.S. Bank, National Association | BES*****LLC | BARNUM, MN | $50,000 |
| 2022-06 | Choice Financial Group | Cor*****Inc | BEMIDJI, MN | $975,000 |
| 2022-06 | Pine River State Bank | Lei*****LLC | ELK RIVER, MN | $144,000 |
| 2022-05 | First Citizens Bank | Sta*****nc. | MORA, MN | $38,000 |
| 2022-05 | The Huntington National Bank | Wei*****LLC | Lakeville, MN | $150,000 |
| 2022-05 | Granite Bank | Nea*****LLC | MINNEAPOLIS, MN | $80,000 |
| 2022-04 | Bravera Bank | Cen*****LLC | Anoka, MN | $394,300 |
| 2022-03 | Magnifi Financial CU | Dil*****LLC | SAINT CLOUD, MN | $49,500 |
| 2022-03 | BankVista | ZAC*****INC | COLUMBUS, MN | $200,000 |
| 2022-02 | First Citizens Bank | BG *****LLC | CAMBRIDGE, MN | $139,000 |
| 2022-02 | The State Bank of Faribault | Vog*****nc. | FARIBAULT, MN | $500,000 |
| 2021-12 | Security Bank USA | Wil*****ley | PUPOSKY, MN | $40,000 |
| 2021-12 | Falcon National Bank | Ori*****Inc | St Cloud, MN | $63,000 |
| 2021-08 | Freeport State Bank | Bru*****lau | PAYNESVILLE, MN | $153,600 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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