Best Saint Paul, MN SBA Lenders & Rates of 2026

Compare 35 SBA lenders in Saint Paul, MN. $46.9M funded across 113 businesses. Average rate 9.82%. Get matched free.

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Best Saint Paul, MN SBA Lenders & Rates of 2026

$46.9M
Total Funded

113
Loans Approved

$415K
Avg Loan Size

9.82%
Avg Interest Rate

35
Active Lenders

SBA Loans in Saint Paul, MN

Saint Paul, MN businesses received $46.9M in SBA 7(a) loan approvals across 113 businesses in 2025. With 35 active SBA lenders competing for business in Saint Paul, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Saint Paul is $415K, with rates averaging 9.82%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Saint Paul SBA Loans by Business Type

🚀 Startups
32%
$16.0M • 36 loans

🏢 Existing Businesses
53%
$22.7M • 60 loans

🔄 Acquisitions
15%
$8.1M • 17 loans

Top SBA Lenders in Saint Paul, MN (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Saint Paul businesses:

RankLenderVolumeLoansAvg Rate
1 Sunrise Banks National Association$6.5M28.50%
2 The Huntington National Bank$4.7M179.50%
3 Minnwest Bank$4.6M49.69%
4 U.S. Bank, National Association$3.4M2510.28%
5 Northeast Bank$3.3M210.50%
6 BankCherokee$2.6M59.95%
7 BankVista$2.5M48.88%
8 Alerus Financial, National Association$2.4M17.00%
9 First Resource Bank$2.4M49.06%
10 Bank of America, National Association$1.6M16.36%
11 Drake Bank$1.6M49.38%
12 Security Bank & Trust Company$1.3M28.50%
13 Stearns Bank National Association$1.1M29.75%
14 Union Bank and Trust Company$896K18.50%
15 Harvest Small Business Finance, LLC$850K110.00%
16 Wells Fargo Bank National Association$622K812.20%
17 Bridgewater Bank$603K19.00%
18 MY CU$586K19.00%
19 Hiawatha National Bank$581K38.33%
20 BayFirst National Bank$566K412.25%
21 Associated Bank, National Association$548K17.92%
22 Celtic Bank Corporation$500K410.13%
23 Old National Bank$467K17.80%
24 Alliance Bank$394K27.50%
25 Citizens Community Federal National Association$371K19.00%
26 Byline Bank$350K110.25%
27 American National Bank$286K17.00%
28 Grasshopper Bank National Association$250K113.50%
29 Bell Bank$250K19.75%
30 Tradition Capital Bank$207K29.75%
31 Lendistry SBLC, LLC$150K112.00%
32 Live Oak Banking Company$150K18.49%
33 CenTrust Bank, A Division of SmartBiz Bank National Associat$150K113.25%
34 First Children’s Finance$101K28.00%
35 First State Bank and Trust$50K17.75%

Top Industries in Saint Paul

Here are the industries that received the most SBA funding in Saint Paul:

SBA Loans in Minnesota

Saint Paul is part of Minnesota‘s SBA lending market. For statewide data and more lender options, see our full Minnesota SBA Lenders guide.

🤝 Why Use an SBA Broker in Saint Paul?

GoSBA Loans helps Saint Paul businesses access the best SBA lenders:

  • Access 35+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Saint Paul
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Saint Paul SBA Loan

Our team has helped hundreds of Saint Paul businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Saint Paul? GoSBA Loans is a trusted SBA loan broker serving businesses in Saint Paul and across Minnesota. Contact our Saint Paul SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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