# Buying a Business in Minnesota: SBA Lending

Change-of-ownership SBA 7(a) approvals in Minnesota, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/minnesota
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 1,382, $1,112,402,900 approved in total
- FY2025 loans: 212, $168,582,300 approved
- Median loan: $475,000
- Share of national acquisition lending: 3.9%

## The Most Active Lenders in Minnesota

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. BankVista: 243 loans
2. Old National Bank: 151 loans
3. Frandsen Bank and Trust: 66 loans
4. The Huntington National Bank: 64 loans
5. Village Bank: 57 loans

## What Gets Financed in Minnesota

- Offices of Chiropractors: 50 loans
- Full-Service Restaurants: 46 loans
- Limited-Service Restaurants: 44 loans
- Beer, Wine, and Liquor Retailers: 43 loans
- All Other Specialty Trade Contractors: 39 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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