SBA Loans for Full-Service Restaurants in Minnesota: Top Lenders
NAICS 722NAICS 722 covers full-service restaurants businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
184
in Minnesota
Median Loan Size
$206,900
per approval
Recent Activity
15
last 90 days through Nov 2025
NAICS 722 covers full-service restaurants businesses. This is a moderately active sector for SBA 7(a) lending with 184 approvals and a median loan size of $206,900.
Key trends & insights
- Full-Service Restaurants in Minnesota loans skew smaller than the SBA average at $206,900 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 Full-Service Restaurants in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 16 | $245,200 | |
| 2 | 13 | $42,600 | |
| 3 | 11 | $113,000 | |
| 4 | 9 | $535,000 | |
| 5 | 7 | $425,000 | |
| 6 | 6 | $52,150 | |
| 7 | 6 | $492,500 | |
| 8 | 6 | $304,000 | |
| 9 | 5 | $325,000 | |
| 10 | 5 | $100,000 | |
| 11 | 4 | $312,500 | |
| 12 | 4 | $229,100 | |
| 13 | 4 | $669,200 | |
| 14 | 3 | $175,000 | |
| 15 | 3 | $342,000 | |
| 16 | 3 | $854,000 | |
| 17 | 3 | $746,000 | |
| 18 | 3 | $100,000 | |
| 19 | 3 | $25,000 | |
| 20 | 3 | $92,500 |
Recent SBA 7(a) approvals for Full-Service Restaurants in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Sunrise Banks National Association | Pho*****LLC | MINNEAPOLIS, MN | $1,523,700 |
| 2025-11 | Minnwest Bank | FLO*****LLC | SAINT JOSEPH, MN | $218,000 |
| 2025-11 | Sunrise Banks National Association | Pas*****LLC | MINNEAPOLIS, MN | $50,000 |
| 2025-11 | Sunrise Banks National Association | Pas*****LLC | MINNEAPOLIS, MN | $461,000 |
| 2025-11 | Scale Bank | The*****LLC | PRIOR LAKE, MN | $557,500 |
| 2025-11 | Frandsen Bank and Trust | Lin*****ill | Montgomery, MN | $582,000 |
| 2025-08 | Associated Bank, National Association | HAB*****LLC | ST. PAUL, MN | $206,400 |
| 2025-08 | Frandsen Bank and Trust | The*****LLC | St Paul, MN | $326,300 |
| 2025-08 | The Huntington National Bank | CUT*****LLC | SAINT PAUL, MN | $150,000 |
| 2025-08 | First Bank & Trust | R&L*****LLC | PIPESTONE, MN | $1,000,000 |
| 2025-08 | First Bank of the Lake | Cru***** MN | MINNEAPOLIS, MN | $3,044,000 |
| 2025-08 | First Bank & Trust | BAI*****LLC | ST PAUL, MN | $191,200 |
| 2025-08 | Newtek Bank, National Association | The*****ant | Montevideo, MN | $350,000 |
| 2025-08 | The Huntington National Bank | HEM*****nc. | BLOOMINGTON, MN | $100,000 |
| 2025-08 | The Huntington National Bank | HEM*****nc. | BLOOMINGTON, MN | $559,500 |
| 2025-05 | BankCherokee | DHS*****LLC | MINNEAPOLIS, MN | $714,800 |
| 2025-05 | U.S. Bank, National Association | KIN*****INC | ANOKA, MN | $42,600 |
| 2025-05 | VisionBank | Nie*****LLC | Rockford, MN | $172,100 |
| 2025-05 | BankVista | MIS*****LLC | SARTELL, MN | $215,900 |
| 2025-05 | The Huntington National Bank | BL**LLC | SAINT PAUL PARK, MN | $30,000 |
| 2025-03 | Frandsen Bank and Trust | Jer*****ubs | Detroit Lakes, MN | $535,000 |
| 2025-03 | Minnwest Bank | Som*****LLC | MELROSE, MN | $460,700 |
| 2025-02 | BankVista | U4I*****NC. | ROSEMOUNT, MN | $150,000 |
| 2025-01 | National Bank of Commerce | Woo*****LLC | CROSBY, MN | $937,800 |
| 2025-01 | Frandsen Bank and Trust | Piz*****ity | Pine City, MN | $975,000 |
| 2025-01 | Newtek Bank, National Association | Kum*****ley | Apple Valley, MN | $50,000 |
| 2025-01 | BankVista | 2 D*****LLC | LAKE CRYSTAL, MN | $100,000 |
| 2025-01 | The State Bank of Faribault | Sch*****LLC | LAKEVILLE, MN | $125,000 |
| 2025-01 | Granite Bank | The*****LLC | Scandia, MN | $50,000 |
| 2024-11 | U.S. Bank, National Association | FAR****LLC | MINNEAPOLIS, MN | $30,000 |
| 2024-08 | Readycap Lending, LLC | Col*****ina | Edina, MN | $213,000 |
| 2024-08 | Readycap Lending, LLC | Su*** | ELY, MN | $746,000 |
| 2024-08 | First Resource Bank | MCG*****LLC | Woodbury, MN | $400,000 |
| 2024-08 | Northeast Bank | Ent*****nc. | MINNEAPOLIS, MN | $975,000 |
| 2024-08 | The Huntington National Bank | TRO*****LLC | MINNEAPOLIS, MN | $70,000 |
| 2024-08 | Ameris Bank | Crk*****LLC | CROOKSTON, MN | $997,000 |
| 2024-08 | Frandsen Bank and Trust | The*****LLC | LAKEVILLE, MN | $859,000 |
| 2024-08 | First State Bank of Le Center | New*****LLC | LE CENTER, MN | $209,600 |
| 2024-08 | VisionBank | MTH*****LLC | Victoria, MN | $92,500 |
| 2024-07 | Choice Financial Group | Bur*****ies | VICTORIA, MN | $108,200 |
| 2024-06 | Hiawatha National Bank | Ton*****LLC | INVER GROVE HEIGHTS, MN | $889,000 |
| 2024-06 | Hiawatha National Bank | Ton*****LLC | Apple Valley, MN | $720,000 |
| 2024-06 | Bell Bank | Kin*****LLC | Maple Grove, MN | $93,000 |
| 2024-05 | Hiawatha National Bank | Bra*****ion | MINNEAPOLIS, MN | $575,000 |
| 2024-04 | U.S. Bank, National Association | HON*****INC | MINNEAPOLIS, MN | $100,000 |
| 2024-04 | Magnifi Financial CU | The*****LLC | BROWERVILLE, MN | $91,200 |
| 2024-04 | The Huntington National Bank | VIK*****PIE | SAINT PAUL, MN | $95,000 |
| 2024-04 | Mid Minnesota FCU | The*****LLP | STAPLES, MN | $15,000 |
| 2024-04 | Coulee Bank | 491*****LLC | Edina, MN | $2,100,000 |
| 2024-04 | Mid Minnesota FCU | The*****LLP | STAPLES, MN | $15,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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