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Buying a Business in Minnesota

What SBA acquisition lending actually looks like in Minnesota, from loan-level government data.

FY2025 Acquisition Loans

212

$168.6M approved

Median Loan

$475,000

FY2020 through FY2025

Loans Since FY2020

1,382

$1.11B in total approvals

Share of U.S. Activity

3.9%

Of change-of-ownership loans

Most Active Acquisition Lenders in Minnesota

  1. 1. BankVista243 loans
  2. 2. Old National Bank151 loans
  3. 3. Frandsen Bank & Trust66 loans
  4. 4. The Huntington National Bank63 loans
  5. 5. Village Bank57 loans

A lender being active in Minnesota does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.

What Gets Bought in Minnesota

  • Offices of Chiropractors50 loans
  • Full-Service Restaurants46 loans
  • Limited-Service Restaurants44 loans
  • All Other Specialty Trade Contractors39 loans
  • Couriers36 loans

Industry-specific pricing and diligence live in the Industry Buy Guides.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Minnesota project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.

Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.