SBA Loans for Data Processing in Minnesota: Top Lenders
NAICS 518NAICS 518 covers data processing, hosting, and related services businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Minnesota
Median Loan Size
$30,000
per approval
Recent Activity
0
last 90 days through Nov 2019
NAICS 518 covers data processing, hosting, and related services businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $30,000.
Key trends & insights
- Data Processing in Minnesota loans skew smaller than the SBA average at $30,000 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 2019-11-05 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Data Processing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $30,000 |
Recent SBA 7(a) approvals for Data Processing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-06 | Choice Financial Group | Gov*****nc. | Eagan, MN | $950,000 |
| 2025-02 | Prime Security Bank | THE*****LLC | HASTINGS, MN | $45,000 |
| 2024-08 | Choice Financial Group | Imm*****LLC | ROCKFORD, MN | $500,000 |
| 2024-08 | Granite Bank | Dat*****LLC | Dayton, MN | $50,000 |
| 2022-05 | Cadence Bank | Tec*****.C. | NEW ULM, MN | $240,000 |
| 2022-04 | U.S. Bank, National Association | ELE*****LLC | SAINT PAUL, MN | $50,000 |
| 2020-10 | U.S. Bank, National Association | Ten*****LLC | CIRCLE PINES, MN | $250,000 |
| 2020-06 | Northeast Entrepreneur Fund, Inc. | Ita*****nc. | Coleraine, MN | $51,700 |
| 2019-11 | U.S. Bank, National Association | Tor****LLC | SAINT PAUL, MN | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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