SBA Loans for Employee Leasing Services in Minnesota: Top Lenders
NAICS 561NAICS 561 covers employee leasing services businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
91
in Minnesota
Median Loan Size
$150,000
per approval
Recent Activity
7
last 90 days through Dec 2025
NAICS 561 covers employee leasing services businesses. This is a smaller category in SBA 7(a) lending with 91 approvals on record and a median loan size of $150,000.
Key trends & insights
- U.s. Bank, National Association leads this industry with 17 approvals (26% market share) and a median loan of $30,000.
- Employee Leasing Services in Minnesota loans skew smaller than the SBA average at $150,000 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 Employee Leasing Services in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 17 | $30,000 | |
| 2 | 6 | $349,000 | |
| 3 | 4 | $150,000 | |
| 4 | 4 | $22,500 | |
| 5 | 4 | $186,550 | |
| 6 | 3 | $26,000 | |
| 7 | 3 | $276,400 | |
| 8 | 3 | $327,200 | |
| 9 | 3 | $76,500 | |
| 10 | 3 | $237,000 | |
| 11 | 3 | $349,000 | |
| 12 | 2 | $72,050 | |
| 13 | 2 | $225,000 | |
| 14 | 2 | $2,528,750 | |
| 15 | 2 | $471,200 | |
| 16 | 1 | $15,000 | |
| 17 | 1 | $418,500 | |
| 18 | 1 | $3,900,000 | |
| 19 | 1 | $20,000 | |
| 20 | 1 | $150,000 |
Recent SBA 7(a) approvals for Employee Leasing Services in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | United Midwest Savings Bank National Association | KUP****LLC | Otsego, MN | $250,000 |
| 2025-08 | Newtek Bank, National Association | Rap*****ing | Forest Lake, MN | $150,000 |
| 2025-08 | U.S. Bank, National Association | SOS*****LLC | LAKEVILLE, MN | $35,000 |
| 2025-08 | U.S. Bank, National Association | TOP*****LLC | EDEN PRAIRIE, MN | $25,000 |
| 2025-07 | Falcon National Bank | Sta*****LLC | Fridley, MN | $461,000 |
| 2025-06 | Wells Fargo Bank National Association | CER*****LLC | SAINT PAUL, MN | $30,000 |
| 2025-06 | Frandsen Bank and Trust | PK *****LLC | St Paul, MN | $250,000 |
| 2025-04 | The Huntington National Bank | K&M*****LLC | ELK RIVER, MN | $46,000 |
| 2025-03 | First Bank & Trust | PED*****ION | Anoka, MN | $486,700 |
| 2025-03 | Falcon National Bank | Ger*****nc. | Richmond, MN | $237,000 |
| 2025-03 | BankCherokee | Fie*****nc. | MINNEAPOLIS, MN | $250,000 |
| 2025-03 | U.S. Bank, National Association | NOR*****LLC | GRAND RAPIDS, MN | $50,000 |
| 2025-03 | Falcon National Bank | GER*****NC. | RICHMOND, MN | $100,000 |
| 2025-03 | MidWestOne Bank | HAL*****LLC | WHITE BEAR LAKE, MN | $143,300 |
| 2025-03 | MidWestOne Bank | PAF*****INC | OAKDALE, MN | $229,800 |
| 2025-02 | Readycap Lending, LLC | Exp*****LLC | Big Lake, MN | $150,000 |
| 2025-02 | The Huntington National Bank | BAG*****LLC | BURNSVILLE, MN | $26,000 |
| 2024-12 | U.S. Bank, National Association | HEA*****LLC | MINNEAPOLIS, MN | $50,000 |
| 2024-10 | Northeast Bank | Sky*****LLC | HAM LAKE, MN | $76,500 |
| 2024-07 | United Midwest Savings Bank National Association | Tim*****ing | Roseville, MN | $150,000 |
| 2024-06 | U.S. Bank, National Association | AJ *****LLC | MINNEAPOLIS, MN | $45,000 |
| 2024-06 | The Huntington National Bank | HEA*****LLC | MINNEAPOLIS, MN | $21,100 |
| 2024-05 | First Bank & Trust | DET*****LLC | Saint Michael, MN | $455,700 |
| 2024-04 | The Bank of Elk River | Alo****LLC | Eden Prairie, MN | $4,620,200 |
| 2024-04 | United Midwest Savings Bank National Association | Gar*****Inc | Shakopee, MN | $150,000 |
| 2024-04 | U.S. Bank, National Association | Cap*****LLC | Vadnais Heights, MN | $337,000 |
| 2024-04 | U.S. Bank, National Association | Cap*****LLC | VADNAIS HEIGHTS, MN | $200,000 |
| 2024-03 | Prime Security Bank | PRE*****CES | JORDAN, MN | $45,000 |
| 2024-03 | Frandsen Bank and Trust | Ely*****nc. | ELY, MN | $327,200 |
| 2024-02 | JPMorgan Chase Bank, National Association | The*****LLC | MINNEAPOLIS, MN | $100,000 |
| 2024-02 | U.S. Bank, National Association | AP *****LLC | HERMANTOWN, MN | $10,000 |
| 2023-12 | Stearns Bank National Association | LAK*****INC | SAINT PAUL, MN | $51,500 |
| 2023-11 | BayFirst National Bank | Thr***** C. | CHANHASSEN, MN | $150,000 |
| 2023-11 | Old National Bank | The*****LLP | EAST GRAND FORKS, MN | $391,500 |
| 2023-11 | Hiawatha National Bank | ABC*****LLC | COTTAGE GROVE, MN | $190,000 |
| 2023-10 | U.S. Bank, National Association | BES*****INC | SHAKOPEE, MN | $22,000 |
| 2023-10 | Granite Bank | Lak*****LLC | Cold Spring, MN | $165,000 |
| 2023-08 | Cadence Bank | New*****LLC | BAXTER, MN | $110,000 |
| 2023-08 | Wells Fargo Bank National Association | FRI*****LLC | OTSEGO, MN | $15,000 |
| 2023-05 | Pine River State Bank | Pri*****Inc | Oak Grove, MN | $50,000 |
| 2023-02 | Frandsen Bank and Trust | Sym*****nc. | Maple Grove, MN | $4,996,000 |
| 2023-02 | Wells Fargo Bank National Association | HM *****LLC | BLOOMINGTON, MN | $15,000 |
| 2023-02 | First National Community Bank | Hel*****Inc | SAINT PAUL, MN | $40,000 |
| 2023-02 | U.S. Bank, National Association | PRO*****LLC | BLOOMINGTON, MN | $20,000 |
| 2022-12 | Northeast Bank | Nel*****LLC | MINNEAPOLIS, MN | $250,000 |
| 2022-12 | Sherburne State Bank | H.C*****LLC | Becker, MN | $216,000 |
| 2022-10 | Village Bank | Duk*****LLC | FARIBAULT, MN | $390,200 |
| 2022-08 | BayFirst National Bank | 1st*****LLC | SAINT PAUL, MN | $150,000 |
| 2022-08 | New Market Bank | You*****LLC | ELKO NEW MARKET, MN | $25,000 |
| 2022-08 | U.S. Bank, National Association | CHI*****LLC | CHISAGO CITY, MN | $20,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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