SBA Loans for Child Day Care Services in Minnesota: Top Lenders
NAICS 624NAICS 624 covers child day care services businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
20
in Minnesota
Median Loan Size
$81,500
per approval
Recent Activity
2
last 90 days through Nov 2025
NAICS 624 covers child day care services businesses. This is a smaller category in SBA 7(a) lending with 20 approvals on record and a median loan size of $81,500.
Key trends & insights
- U.s. Bank, National Association leads this industry with 3 approvals (15% market share) and a median loan of $51,000.
- Child Day Care Services in Minnesota loans skew smaller than the SBA average at $81,500 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 Child Day Care Services in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $51,000 | |
| 2 | 2 | $12,500 | |
| 3 | 2 | $65,000 | |
| 4 | 2 | $315,750 | |
| 5 | 1 | $442,700 | |
| 6 | 1 | $500,000 | |
| 7 | 1 | $22,000 | |
| 8 | 1 | $1,020,000 | |
| 9 | 1 | $440,000 | |
| 10 | 1 | $50,000 | |
| 11 | 1 | $83,000 | |
| 12 | 1 | $753,300 | |
| 13 | 1 | $1,268,000 | |
| 14 | 1 | $25,000 | |
| 15 | 1 | $200,000 |
Recent SBA 7(a) approvals for Child Day Care Services in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Old National Bank | Sch*****LLC | Edina, MN | $2,593,500 |
| 2025-11 | Live Oak Banking Company | OFF*****NC. | WOODBURY, MN | $1,020,000 |
| 2025-11 | Live Oak Banking Company | OFF*****NC. | LAKE ELMO, MN | $1,020,000 |
| 2025-09 | Frandsen Bank and Trust | Lit*****LLC | MINNEAPOLIS, MN | $1,132,400 |
| 2025-09 | Wells Fargo Bank National Association | MAA*****LLC | Roseville, MN | $1,879,000 |
| 2025-09 | Northeast Bank | Tie*****LLC | MINNEAPOLIS, MN | $2,329,000 |
| 2025-09 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Sha*****LLC | SAINT PAUL, MN | $150,000 |
| 2025-08 | Community Resource Bank | Dre*****LLC | MINNEAPOLIS, MN | $200,000 |
| 2025-08 | State Bank of Taunton | Lit*****LLC | Minneota, MN | $1,250,000 |
| 2025-06 | Harvest Small Business Finance, LLC | A P*****LLC | SAINT PAUL, MN | $850,000 |
| 2025-05 | First Children's Finance | Bee*****LLC | Saint Paul, MN | $51,000 |
| 2025-05 | Stearns Bank National Association | AKA*****LLC | PINE CITY, MN | $335,000 |
| 2025-04 | Bridgewater Bank | Nou*****nc. | Wayzata, MN | $707,000 |
| 2025-02 | First Children's Finance | Mou*****LLC | Eden Prairie, MN | $50,000 |
| 2025-01 | Security Bank & Trust Company | Zub*****.C. | Minneapolis, MN | $60,000 |
| 2025-01 | U.S. Bank, National Association | DOO*****LLC | MINNEAPOLIS, MN | $51,000 |
| 2025-01 | U.S. Bank, National Association | DOO*****LLC | MINNEAPOLIS, MN | $51,000 |
| 2025-01 | Frandsen Bank and Trust | Cir*****gos | Minnespolis, MN | $520,000 |
| 2025-01 | Drake Bank | Dre*****LLC | WOODBURY, MN | $1,454,000 |
| 2024-11 | Hiawatha National Bank | Ass*****LLC | MINNEAPOLIS, MN | $364,700 |
| 2024-11 | Hiawatha National Bank | 170*****LLC | SAINT PAUL, MN | $140,000 |
| 2024-11 | Readycap Lending, LLC | SUP*****LLC | WACONIA, MN | $128,500 |
| 2024-10 | Granite Bank | Ave*****LLC | St. Paul, MN | $410,000 |
| 2024-09 | First Children's Finance | Pat*****.C. | Saint Paul Park, MN | $50,000 |
| 2024-09 | U.S. Bank, National Association | KIV*****ARE | BLOOMINGTON, MN | $24,000 |
| 2024-08 | First Children's Finance | Gif*****.C. | White Bear Lake, MN | $50,000 |
| 2024-08 | United Midwest Savings Bank National Association | Fir*****LLC | Moorhead, MN | $150,000 |
| 2024-08 | First Children's Finance | Sun*****nc. | Saint Paul, MN | $80,000 |
| 2024-07 | United Midwest Savings Bank National Association | Joh*****tro | Blaine, MN | $150,000 |
| 2024-07 | Readycap Lending, LLC | Kin*****LLC | PRINCETON, MN | $50,000 |
| 2024-05 | U.S. Bank, National Association | STA*****INC | SAINT PAUL, MN | $100,000 |
| 2024-03 | First Children's Finance | Luc*****LLC | Maple Lake, MN | $82,500 |
| 2024-03 | Meadows Bank | PR'*****LLC | MAPLE GROVE, MN | $590,500 |
| 2024-03 | Hiawatha National Bank | Hom*****LLC | SAINT PAUL, MN | $178,000 |
| 2024-02 | Byline Bank | Twi*****nc. | DULUTH, MN | $508,000 |
| 2024-02 | Old National Bank | Kid*****nc. | PRIOR LAKE, MN | $500,000 |
| 2023-12 | Old National Bank | The*****rp. | Spring Lake Park, MN | $50,000 |
| 2023-12 | Old National Bank | The*****rp. | Spring Lake Park, MN | $706,000 |
| 2023-12 | U.S. Bank, National Association | BLU*****LLC | CIRCLE PINES, MN | $50,000 |
| 2023-10 | The Huntington National Bank | XIO*****LLC | Cottage Grove, MN | $30,000 |
| 2023-10 | The Huntington National Bank | XIO*****LLC | Cottage Grove, MN | $260,000 |
| 2023-08 | The Huntington National Bank | The*****LLC | Plymouth, MN | $100,000 |
| 2023-06 | BankVista | JAR*****LLC | ROSEVILLE, MN | $1,268,000 |
| 2023-05 | Old National Bank | Gae*****nc. | St Cloud, MN | $263,700 |
| 2023-04 | The Fidelity Bank | Von*****Inc | MINNEAPOLIS, MN | $410,000 |
| 2023-04 | First Children's Finance | Gro*****LLC | Champlin, MN | $180,000 |
| 2023-03 | Old National Bank | Epi*****.C. | GOLDEN VALLEY, MN | $841,700 |
| 2023-03 | Old National Bank | Epi*****.C. | GOLDEN VALLEY, MN | $150,000 |
| 2023-03 | Old National Bank | Cas*****nc. | ROCHESTER, MN | $350,000 |
| 2023-03 | Celtic Bank Corporation | UBU*****LLC | Inver Grove Heights, MN | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet