United Minnesota Bank
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by United Minnesota Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 24 | $8.6M | $358K | 23.1% |
| 238990 | All Other Specialty Trade Contractors | 16 | $320K | $20K | 15.4% |
| 237110 | Water and Sewer Line and Related Structures Construction | 16 | $1.7M | $105K | 15.4% |
| 441222 | Boat Dealers | 8 | $1.6M | $200K | 7.7% |
| 488410 | Motor Vehicle Towing | 8 | $1.2M | $150K | 7.7% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 8 | $4.0M | $500K | 7.7% |
| 237990 | Other Heavy and Civil Engineering Construction | 8 | $4.0M | $500K | 7.7% |
| 541320 | Landscape Architectural Services | 8 | $2.6M | $325K | 7.7% |
| 238210 | Electrical Contractors | 8 | $800K | $100K | 7.7% |
Geographic Distribution
SBA lending activity for United Minnesota Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 104 | $24.8M | 100.0% |
Why Choose United Minnesota Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $24.8M in financing
- ✓Industry Expertise: Specialized focus on New Single-Family Housing Construction (except Operative Builders), All Other Specialty Trade Contractors, Water and Sewer Line and Related Structures Construction
- ✓Competitive Terms: Average interest rate of 7.37% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $15K to $500K, with an average of $238K
- ✓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 United Minnesota Bank SBA lending
What types of businesses does United Minnesota Bank typically finance?
United Minnesota Bank specializes in SBA 7(a) lending to specific industries including new single-family housing construction (except operative builders), all other specialty trade contractors, water and sewer line and related structures construction, boat dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are United Minnesota Bank's typical SBA loan terms?
United Minnesota Bank's SBA 7(a) loans typically feature an average interest rate of 7.37% and average term length of 113 months (approximately 9 years). Loan sizes range from $15K to $500K, with an average loan size of $238K.
Do I need a business valuation for a United Minnesota Bank SBA loan?
Yes, United Minnesota Bank 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 United Minnesota Bank compare to other SBA lenders?
United Minnesota Bank has originated 104 SBA loans totaling $24.8M 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 United Minnesota Bank lend in?
United Minnesota Bank 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.
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