Mid Minnesota FCU
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Mid Minnesota FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $480K | $20K | 23.1% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $926K | $58K | 15.4% |
| 811111 | General Automotive Repair | 16 | $680K | $43K | 15.4% |
| 561730 | Landscaping Services | 8 | $1.6M | $200K | 7.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $128K | $16K | 7.7% |
| 611610 | Fine Arts Schools | 8 | $1.6M | $196K | 7.7% |
| 115116 | Farm Management Services | 8 | $800K | $100K | 7.7% |
| 423390 | Other Construction Material Merchant Wholesalers | 8 | $792K | $99K | 7.7% |
| 332323 | Ornamental and Architectural Metal Work Manufacturing | 8 | $160K | $20K | 7.7% |
Geographic Distribution
SBA lending activity for Mid Minnesota FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 104 | $7.1M | 100.0% |
Why Choose Mid Minnesota FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $7.1M in financing
- ✓Industry Expertise: Specialized focus on Snack and Nonalcoholic Beverage Bars, Fitness and Recreational Sports Centers, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.65% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $15K to $200K, with an average of $69K
- ✓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 Mid Minnesota FCU SBA lending
What types of businesses does Mid Minnesota FCU typically finance?
Mid Minnesota FCU specializes in SBA 7(a) lending to specific industries including snack and nonalcoholic beverage bars, fitness and recreational sports centers, general automotive repair, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mid Minnesota FCU's typical SBA loan terms?
Mid Minnesota FCU's SBA 7(a) loans typically feature an average interest rate of 6.65% and average term length of 88 months (approximately 7 years). Loan sizes range from $15K to $200K, with an average loan size of $69K.
Do I need a business valuation for a Mid Minnesota FCU SBA loan?
Yes, Mid Minnesota FCU 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 Mid Minnesota FCU compare to other SBA lenders?
Mid Minnesota FCU has originated 104 SBA loans totaling $7.1M 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 Mid Minnesota FCU lend in?
Mid Minnesota FCU 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
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.