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County7th of 87 in Minnesota by approvalsFIPS 27139
SBA loans in Scott 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.
Businesses in Scott County, Minnesota, received 282 SBA loan approvals worth $127M in FY2021 to FY2025 (244 7(a), 38 504).
That is 77.2 approvals per 1,000 business establishments (3,655 establishments in 2023), above the Minnesota figure of 62.4 and above the national 41.0.
It ranks 7th of 87 Minnesota counties with approvals. In FY2025 there were 50, down 25% on FY2024.
66 lenders had approvals here; the most active were U.S. Bank, National Association (39), BankVista (28) and The Huntington National Bank (21). 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 Scott County
By number of approvals to businesses in the county, FY2021–FY2025; 66 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 39 | $6.9M | 13.8% | |
| 2 | BankVistaSartell, MN | 28 | $8.2M | 9.9% | |
| 3 | The Huntington National BankColumbus, OH | 21 | $4.1M | 7.4% | |
| 4 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 19 | $18.1M | 6.7% | |
| 5 | Amplio Economic Development CorporationArden Hills, MN · CDC | 12 | $8.8M | 4.3% | |
| 6 | Minnwest BankRedwood Falls, MN | 11 | $7.1M | 3.9% | |
| 7 | Frandsen Bank and TrustArden Hills, MN | 9 | $5.3M | 3.2% | |
| 8 | Highland BankSt. Paul, MN | 9 | $1.8M | 3.2% | |
| 9 | First Bank & TrustBrookings, SD | 8 | $2.2M | 2.8% | |
| 10 | Old National BankEvansville, IN | 7 | $5.4M | 2.5% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $1.4M | 2.5% | |
| 12 | Platinum BankOakdale, MN | 6 | $5.4M | 2.1% | |
| 13 | Granite BankCold Spring, MN | 5 | $1.2M | 1.8% | |
| 14 | Bell BankFargo, ND | 4 | $2.7M | 1.4% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 4 | $2.0M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 6.0% | |
| 2 | Building Finishing ContractorsNAICS 2383 | 17 | 6.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 15 | 5.3% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 15 | 5.3% | |
| 5 | Personal Care ServicesNAICS 8121 | 12 | 4.3% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 11 | 3.9% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 3.5% | |
| 8 | Residential Building ConstructionNAICS 2361 | 10 | 3.5% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 8 | 2.8% | |
| 10 | Other Personal ServicesNAICS 8129 | 8 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 59 | 20.9% | |
| 2 | Other Services (except Public Administration) | 36 | 12.8% | |
| 3 | Professional, Scientific, and Technical Services | 31 | 11.0% | |
| 4 | Accommodation and Food Services | 23 | 8.2% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 21 | 7.4% | |
| 6 | Health Care and Social Assistance | 20 | 7.1% | |
| 7 | Retail Trade | 19 | 6.7% | |
| 8 | Transportation and Warehousing | 17 | 6.0% |
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* | 18 | $7.2M | $292K | 7 | $3.1M | 25 | 155 |
| FY2025 | 44 | $21.3M | $164K | 6 | $7.0M | 50 | 398 |
| FY2024 | 62 | $17.3M | $105K | 5 | $1.3M | 67 | 536 |
| FY2023 | 41 | $15.3M | $150K | 4 | $7.9M | 45 | 293 |
| FY2022 | 32 | $15.0M | $308K | 10 | $9.7M | 42 | 508 |
| FY2021 | 65 | $25.6M | $230K | 13 | $7.1M | 78 | 485 |
| FY2020 | 31 | $7.2M | $100K | 8 | $5.7M | 39 | 446 |
| FY2019 | 48 | $10.3M | $91K | 9 | $7.0M | 57 | 549 |
| FY2018 | 40 | $6.0M | $69K | 4 | $3.0M | 44 | 366 |
| FY2017 | 42 | $17.7M | $115K | 6 | $4.1M | 48 | 399 |
| FY2016 | 58 | $13.9M | $75K | 8 | $6.5M | 66 | 760 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 254 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Scott County | Minnesota | United States |
|---|---|---|---|
| Approvals | 282 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 77.2 | 62.4 | 41.0 |
| Median 7(a) approval | $199K | $170K | $190K |
| Median 504 approval | $562K | $545K | $657K |
| Average approval | $452K | $497K | $573K |
| 504 share of approvals | 13.5% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 7.9 | 11.7 | 10.5 |
| Share of state approvals | 2.9% | 100.0% | — |
Approval sizes
- $50,000 or less23.4%66
- $50,001 to $150,00018.4%52
- $150,001 to $350,00020.9%59
- $350,001 to $1 million24.5%69
- $1 million to $2 million9.6%27
- Over $2 million3.2%9
Age of the businesses
- Existing, more than 2 years old53.2%150
- New business, 2 years or less16.0%45
- Startup, loan funds will open the business15.6%44
- Change of ownership15.2%43
Questions and answers
Which lenders make the most SBA loans in Scott County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (39), BankVista (28), The Huntington National Bank (21), Twin Cities-Metro Certified Development Company (19), Amplio Economic Development Corporation (12). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Scott County?
The median 7(a) approval was $199K and the median 504 approval $562K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Scott County?
Restaurants and Other Eating Places (17); Building Finishing Contractors (17); Automotive Repair and Maintenance (15); Services to Buildings and Dwellings (15); Personal Care Services (12).
Is SBA lending in Scott County rising?
Approvals in the three latest complete fiscal years total 162, against 159 in the three before: broadly level (+2%).
How does Scott County compare with the rest of Minnesota?
77.2 approvals per 1,000 establishments against 62.4 statewide, and 282 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