SBA Loans for NAICS 532 in Minnesota: Top Lenders
NAICS 532NAICS 532 covers passenger car rental businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
16
in Minnesota
Median Loan Size
$188,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 532 covers passenger car rental businesses. This is a smaller category in SBA 7(a) lending with 16 approvals on record and a median loan size of $188,000.
Key trends & insights
- NAICS 532 in Minnesota loans skew smaller than the SBA average at $188,000 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 NAICS 532 in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $2,500,000 | |
| 2 | 2 | $154,000 | |
| 3 | 2 | $1,279,700 | |
| 4 | 2 | $175,000 | |
| 5 | 1 | $77,000 | |
| 6 | 1 | $356,000 | |
| 7 | 1 | $1,151,500 | |
| 8 | 1 | $176,000 | |
| 9 | 1 | $66,900 | |
| 10 | 1 | $25,000 | |
| 11 | 1 | $80,000 | |
| 12 | 1 | $30,000 |
Recent SBA 7(a) approvals for NAICS 532 in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-04 | First Resource Bank | DPK*****LLC | SHOREVIEW, MN | $50,000 |
| 2025-04 | First Resource Bank | DPK*****LLC | SHOREVIEW, MN | $450,000 |
| 2025-03 | U.S. Bank, National Association | Twi*****LLC | MINNEAPOLIS, MN | $272,000 |
| 2024-12 | U.S. Bank, National Association | TON*****LLC | MINNEAPOLIS, MN | $36,000 |
| 2024-08 | BankCherokee | USA*****nc. | DAYTON, MN | $200,000 |
| 2024-06 | BankVista | QUA*****LLC | LITTLE CANADA, MN | $1,514,400 |
| 2024-02 | Union Bank and Trust Company | Lin*****LLC | Minneapolis, MN | $1,151,500 |
| 2023-11 | The Huntington National Bank | CAR*****LLC | SAINT PAUL, MN | $26,000 |
| 2023-06 | MidWestOne Bank | EMB*****LLC | MINNEAPOLIS, MN | $356,000 |
| 2023-04 | Security Bank USA | Sol*****LLC | BEMIDJI, MN | $80,000 |
| 2023-04 | Lake Region Bank | Cou*****top | NEW LONDON, MN | $176,000 |
| 2022-11 | Alerus Financial, National Association | Adv*****LLC | SAINT PAUL, MN | $1,000,000 |
| 2022-05 | BankVista | LIN*****LLC | MINNEAPOLIS, MN | $1,045,000 |
| 2022-02 | U.S. Bank, National Association | RED*****LLC | FOUNTAIN, MN | $48,000 |
| 2022-02 | Bravera Bank | TMD*****LLC | ALBERTVILLE, MN | $25,000 |
| 2021-06 | Security State Bank of Aitkin | Al****LLC | AITKIN, MN | $66,900 |
| 2021-05 | Magnifi Financial CU | Sti*****LLC | SAINT PAUL, MN | $77,000 |
| 2021-03 | Ultima Bank Minnesota | TNT*****LLC | GRAND RAPIDS, MN | $3,000,000 |
| 2021-03 | Ultima Bank Minnesota | TNT*****LLC | GRAND RAPIDS, MN | $2,000,000 |
| 2021-03 | First Western Bank & Trust | JAC*****LLC | Nisswa, MN | $30,000 |
| 2019-12 | BankCherokee | USA*****Inc | DAYTON, MN | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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