SBA Loans for Taxi Service in Minnesota: Top Lenders
NAICS 485NAICS 485 covers taxi service businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Minnesota
Median Loan Size
$80,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 485 covers taxi service businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $80,000.
Key trends & insights
- Taxi Service in Minnesota lending is concentrated — U.s. Bank, National Association, Northeast Bank, Cadence Bank together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 1 approvals (25% market share) and a median loan of $40,000.
- Taxi Service in Minnesota loans skew smaller than the SBA average at $80,000 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 Taxi Service in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $40,000 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $105,000 | |
| 4 | 1 | $55,000 |
Recent SBA 7(a) approvals for Taxi Service in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | U.S. Bank, National Association | HAN*****LLC | ROCHESTER, MN | $40,000 |
| 2024-02 | Cadence Bank | Van*****LLC | LAKE CITY, MN | $105,000 |
| 2022-05 | SharePoint CU | Pea*****Inc | HOPKINS, MN | $32,000 |
| 2022-05 | SharePoint CU | Pea*****Inc | HOPKINS, MN | $20,000 |
| 2022-01 | Northeast Bank | Koa*****LLC | SAINT PAUL, MN | $150,000 |
| 2021-12 | Lake Region Bank | Ril*****LLC | MURDOCK, MN | $55,000 |
| 2021-02 | Sentry Bank | Log*****nc. | SAINT JOSEPH, MN | $41,200 |
| 2020-04 | Sunrise Banks National Association | Bef*****LLC | SAINT PAUL, MN | $2,700,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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