American National Bank of Minnesota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American National Bank of Minnesota
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 24 | $3.2M | $133K | 27.3% |
| 561730 | Landscaping Services | 16 | $2.7M | $168K | 18.2% |
| 812990 | All Other Personal Services | 8 | $80K | $10K | 9.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $200K | $25K | 9.1% |
| 236117 | New Housing Operative Builders | 8 | $400K | $50K | 9.1% |
| 524210 | Insurance Agencies and Brokerages | 8 | $400K | $50K | 9.1% |
| 711211 | Sports Teams and Clubs | 8 | $600K | $75K | 9.1% |
| 812112 | Beauty Salons | 8 | $280K | $35K | 9.1% |
Geographic Distribution
SBA lending activity for American National Bank of Minnesota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 88 | $7.8M | 100.0% |
Why Choose American National Bank of Minnesota?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $7.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of All Other Miscellaneous Health Practitioners, Landscaping Services, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 8.11% with flexible term lengths averaging 51 months
- ✓Loan Range: Loan sizes from $10K to $204K, with an average of $89K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about American National Bank of Minnesota SBA lending
What types of businesses does American National Bank of Minnesota typically finance?
American National Bank of Minnesota specializes in SBA 7(a) lending to specific industries including offices of all other miscellaneous health practitioners, landscaping services, all other personal services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American National Bank of Minnesota's typical SBA loan terms?
American National Bank of Minnesota's SBA 7(a) loans typically feature an average interest rate of 8.11% and average term length of 51 months (approximately 4 years). Loan sizes range from $10K to $204K, with an average loan size of $89K.
Do I need a business valuation for a American National Bank of Minnesota SBA loan?
Yes, American National Bank of Minnesota typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does American National Bank of Minnesota compare to other SBA lenders?
American National Bank of Minnesota has originated 88 SBA loans totaling $7.8M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does American National Bank of Minnesota lend in?
American National Bank of Minnesota provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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