Best SBA Lenders in Burnsville, MN (2026)
2025 FOIA data: top lenders, rates & industries for Burnsville SBA loans
SBA Loans in Burnsville, Minnesota
Looking for an SBA loan in Burnsville, Minnesota? Based on 2025 FOIA data, 33 SBA 7(a) loans were funded in Burnsville totaling $16.4M, supporting an estimated 312 jobs. With 15 active lenders competing for business in the Burnsville market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Burnsville is $497K at an average rate of 9.82%. The top lender in Burnsville is U.S. Bank, National Association, with the most-funded industry being Paint and Coating Manufacturing. See all Minnesota SBA lenders for statewide rankings.
SBA Loans in Burnsville by Business Type
Whether you’re starting a new business in Burnsville, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 26% of SBA loans in Burnsville (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 21% (4 loans) — if you’re looking to buy a business in Burnsville, this is a proven use case for SBA financing. Existing businesses make up 39% and typically receive the most favorable terms.
Top SBA Lenders in Burnsville, MN (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Burnsville businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | U.S. Bank, National Association | $5.6M | 6 | 9.03% |
| 2 | Platinum Bank | $2.5M | 1 | 10.25% |
| 3 | United FCU | $1.8M | 1 | 10% |
| 4 | Northeast Bank | $1.6M | 7 | 9.96% |
| 5 | First Resource Bank | $1.1M | 2 | 8.95% |
| 6 | Minnwest Bank | $850K | 1 | 10% |
| 7 | Choice Financial Group | $821K | 1 | 9.95% |
| 8 | The Huntington National Bank | $642K | 6 | 9.88% |
| 9 | Drake Bank | $358K | 1 | 9.5% |
| 10 | Citizens Bank | $356K | 1 | 10.25% |
The top lenders in Burnsville have direct experience with local businesses and understand the Burnsville market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Burnsville and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Burnsville
One 5-minute application. 15+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Burnsville
These are the industries that received the most SBA 7(a) funding in Burnsville in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Paint and Coating Manufacturing | 1 | $3.6M |
| All Other Amusement and Recreation Industries | 2 | $2.7M |
| Other Services to Buildings and Dwellings | 1 | $1.9M |
| Limited-Service Restaurants | 1 | $1.8M |
| Offices of Physical, Occupational and Speech Therapists, and Audiologi | 1 | $965K |
| Plumbing, Heating, and Air-Conditioning Contractors | 1 | $850K |
| Pet Care (except Veterinary) Services | 1 | $821K |
| Residential Remodelers | 2 | $732K |
| Fitness and Recreational Sports Centers | 2 | $495K |
| Offices of Certified Public Accountants | 2 | $475K |
Lenders with experience funding your specific industry in Burnsville understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Burnsville
Option 1: Apply directly to one of the top Burnsville lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Burnsville-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
