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County22nd of 87 in Minnesota by approvalsFIPS 27025
SBA loans in Chisago 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 79 loans to businesses in Chisago County, Minnesota, in FY2021 to FY2025, worth $39.9M: 62 under 7(a) and 17 under 504.
That is 58.2 approvals per 1,000 business establishments (1,358 establishments in 2023), close to the Minnesota figure of 62.4 and above the national 41.0.
It ranks 22nd of 87 Minnesota counties with approvals. In FY2025 there were 13.
29 lenders had approvals here; the most active were U.S. Bank, National Association (13), Midwest Business Finance Corporation (7) and Twin Cities-Metro Certified Development Company (6). The most common industry was agriculture, construction, and mining machinery manufacturing.
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 Chisago County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 13 | $2.2M | 16.5% | |
| 2 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 7 | $8.9M | 8.9% | |
| 3 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 6 | $4.3M | 7.6% | |
| 4 | Village BankSaint Francis, MN | 5 | $3.3M | 6.3% | |
| 5 | Byline BankChicago, IL | 4 | $2.8M | 5.1% | |
| 6 | Members Cooperative Credit UnionDuluth, MN | 4 | $1.2M | 5.1% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $1.2M | 3.8% | |
| 8 | Frandsen Bank and TrustArden Hills, MN | 3 | $1.1M | 3.8% | |
| 9 | The Huntington National BankColumbus, OH | 3 | $307K | 3.8% | |
| 10 | Central Minnesota Development CompanyAndover, MN · CDC | 2 | — | 2.5% | |
| 11 | Old National BankEvansville, IN | 2 | — | 2.5% | |
| 12 | Union Bank and Trust CompanyLincoln, NE | 2 | — | 2.5% | |
| 13 | Minnwest BankRedwood Falls, MN | 2 | — | 2.5% | |
| 14 | North Star BankRoseville, MN | 2 | — | 2.5% | |
| 15 | Amplio Economic Development CorporationArden Hills, MN · CDC | 2 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agriculture, Construction, and Mining Machinery ManufacturingNAICS 3331 | 5 | 6.3% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 5 | 6.3% | |
| 3 | Other Personal ServicesNAICS 8129 | 4 | 5.1% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.1% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 5.1% | |
| 6 | Motor Vehicle Parts ManufacturingNAICS 3363 | 4 | 5.1% | |
| 7 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 3.8% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.8% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.8% | |
| 10 | General Freight TruckingNAICS 4841 | 3 | 3.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 22 | 27.8% | |
| 2 | Construction | 11 | 13.9% | |
| 3 | Retail Trade | 9 | 11.4% | |
| 4 | Other Services (except Public Administration) | 7 | 8.9% | |
| 5 | Health Care and Social Assistance | 6 | 7.6% | |
| 6 | Accommodation and Food Services | 5 | 6.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 5 | 6.3% | |
| 8 | Transportation and Warehousing | 5 | 6.3% |
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* | 10 | $2.3M | $77K | 0 | — | 10 | 48 |
| FY2025 | 10 | $1.4M | $115K | 3 | $2.4M | 13 | 95 |
| FY2024 | 7 | $3.2M | $219K | 2 | — | 9 | 47 |
| FY2023 | 11 | $4.9M | $250K | 3 | $4.3M | 14 | 174 |
| FY2022 | 16 | $5.0M | $152K | 4 | $4.8M | 20 | 560 |
| FY2021 | 18 | $8.4M | $343K | 5 | $3.4M | 23 | 335 |
| FY2020 | 18 | $7.6M | $202K | 5 | $2.9M | 23 | 141 |
| FY2019 | 8 | $1.1M | $132K | 0 | — | 8 | 63 |
| FY2018 | 11 | $1.8M | $100K | 5 | $1.5M | 16 | 81 |
| FY2017 | 8 | $1.9M | $172K | 3 | $1.4M | 11 | 52 |
| FY2016 | 16 | $3.5M | $123K | 2 | — | 18 | 121 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 76 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Chisago County | Minnesota | United States |
|---|---|---|---|
| Approvals | 79 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 58.2 | 62.4 | 41.0 |
| Median 7(a) approval | $188K | $170K | $190K |
| Median 504 approval | $452K | $545K | $657K |
| Average approval | $504K | $497K | $573K |
| 504 share of approvals | 21.5% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 15.3 | 11.7 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less19.0%15
- $50,001 to $150,00017.7%14
- $150,001 to $350,00022.8%18
- $350,001 to $1 million22.8%18
- $1 million to $2 million13.9%11
- Over $2 million3.8%3
Age of the businesses
- Existing, more than 2 years old54.4%43
- New business, 2 years or less24.1%19
- Startup, loan funds will open the business5.1%4
- Change of ownership16.5%13
Questions and answers
Which lenders make the most SBA loans in Chisago County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (13), Midwest Business Finance Corporation (7), Twin Cities-Metro Certified Development Company (6), Village Bank (5), Byline Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Chisago County?
The median 7(a) approval was $188K and the median 504 approval $452K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Chisago County?
Agriculture, Construction, and Mining Machinery Manufacturing (5); Services to Buildings and Dwellings (5); Other Personal Services (4); Restaurants and Other Eating Places (4); Other Specialty Trade Contractors (4).
Is SBA lending in Chisago County rising?
Approvals in the three latest complete fiscal years total 36, against 66 in the three before: falling (-45%).
How does Chisago County compare with the rest of Minnesota?
58.2 approvals per 1,000 establishments against 62.4 statewide, and 79 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