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County3rd of 87 in Minnesota by approvalsFIPS 27003
SBA loans in Anoka County, Minnesota
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 738 loans to businesses in Anoka County, Minnesota, in FY2021 to FY2025, worth $398M: 622 under 7(a) and 116 under 504.
That is 87.5 approvals per 1,000 business establishments (8,438 establishments in 2023), above the Minnesota figure of 62.4 and above the national 41.0.
It ranks 3rd of 87 Minnesota counties with approvals. In FY2025 there were 147, up 18% on FY2024.
89 lenders had approvals here; the most active were U.S. Bank, National Association (85), The Huntington National Bank (50) and Twin Cities-Metro Certified Development Company (48). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Anoka County
By number of approvals to businesses in the county, FY2021–FY2025; 89 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 85 | $20.3M | 11.5% | |
| 2 | The Huntington National BankColumbus, OH | 50 | $7.5M | 6.8% | |
| 3 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 48 | $43.2M | 6.5% | |
| 4 | Village BankSaint Francis, MN | 36 | $24.0M | 4.9% | |
| 5 | BankVistaSartell, MN | 34 | $15.0M | 4.6% | |
| 6 | Old National BankEvansville, IN | 33 | $25.9M | 4.5% | |
| 7 | Granite BankCold Spring, MN | 33 | $7.9M | 4.5% | |
| 8 | 21st Century BankLoretto, MN | 29 | $15.2M | 3.9% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 25 | $6.6M | 3.4% | |
| 10 | Platinum BankOakdale, MN | 22 | $19.7M | 3.0% | |
| 11 | Central Minnesota Development CompanyAndover, MN · CDC | 22 | $17.2M | 3.0% | |
| 12 | Amplio Economic Development CorporationArden Hills, MN · CDC | 22 | $11.1M | 3.0% | |
| 13 | Northeast BankMinneapolis, MN | 22 | $9.6M | 3.0% | |
| 14 | Falcon National BankFoley, MN | 19 | $9.7M | 2.6% | |
| 15 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 18 | $13.9M | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 64 | 8.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 39 | 5.3% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 36 | 4.9% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 27 | 3.7% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 24 | 3.3% | |
| 6 | Residential Building ConstructionNAICS 2361 | 23 | 3.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 23 | 3.1% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 23 | 3.1% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 19 | 2.6% | |
| 10 | General Freight TruckingNAICS 4841 | 18 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 136 | 18.4% | |
| 2 | Manufacturing | 95 | 12.9% | |
| 3 | Retail Trade | 89 | 12.1% | |
| 4 | Other Services (except Public Administration) | 75 | 10.2% | |
| 5 | Accommodation and Food Services | 72 | 9.8% | |
| 6 | Health Care and Social Assistance | 63 | 8.5% | |
| 7 | Transportation and Warehousing | 45 | 6.1% | |
| 8 | Professional, Scientific, and Technical Services | 37 | 5.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 72 | $27.0M | $200K | 10 | $8.7M | 82 | 1,030 |
| FY2025 | 131 | $71.7M | $200K | 16 | $15.7M | 147 | 2,082 |
| FY2024 | 112 | $52.6M | $173K | 13 | $10.7M | 125 | 1,619 |
| FY2023 | 134 | $60.5M | $170K | 22 | $18.1M | 156 | 1,432 |
| FY2022 | 124 | $51.9M | $201K | 28 | $20.4M | 152 | 1,934 |
| FY2021 | 121 | $70.7M | $278K | 37 | $25.8M | 158 | 1,933 |
| FY2020 | 106 | $48.1M | $162K | 16 | $16.6M | 122 | 1,256 |
| FY2019 | 92 | $47.6M | $211K | 18 | $14.2M | 110 | 961 |
| FY2018 | 76 | $30.1M | $133K | 26 | $12.3M | 102 | 1,086 |
| FY2017 | 109 | $38.6M | $100K | 18 | $9.9M | 127 | 1,177 |
| FY2016 | 96 | $30.6M | $100K | 19 | $15.0M | 115 | 1,158 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 576 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Anoka County | Minnesota | United States |
|---|---|---|---|
| Approvals | 738 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 87.5 | 62.4 | 41.0 |
| Median 7(a) approval | $200K | $170K | $190K |
| Median 504 approval | $557K | $545K | $657K |
| Average approval | $539K | $497K | $573K |
| 504 share of approvals | 15.7% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 12.2 | 11.7 | 10.5 |
| Share of state approvals | 7.7% | 100.0% | — |
Approval sizes
- $50,000 or less20.3%150
- $50,001 to $150,00016.4%121
- $150,001 to $350,00023.8%176
- $350,001 to $1 million24.7%182
- $1 million to $2 million9.8%72
- Over $2 million5.0%37
Age of the businesses
- Existing, more than 2 years old52.0%384
- New business, 2 years or less17.2%127
- Startup, loan funds will open the business13.4%99
- Change of ownership17.3%128
Questions and answers
Which lenders make the most SBA loans in Anoka County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (85), The Huntington National Bank (50), Twin Cities-Metro Certified Development Company (48), Village Bank (36), BankVista (34). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Anoka County?
The median 7(a) approval was $200K and the median 504 approval $557K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Anoka County?
Restaurants and Other Eating Places (64); Automotive Repair and Maintenance (39); Other Specialty Trade Contractors (36); Building Equipment Contractors (27); Foundation, Structure, and Building Exterior Contractors (24).
Is SBA lending in Anoka County rising?
Approvals in the three latest complete fiscal years total 428, against 432 in the three before: broadly level (-1%).
How does Anoka County compare with the rest of Minnesota?
87.5 approvals per 1,000 establishments against 62.4 statewide, and 738 of the state's 9,634 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error