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County5th of 87 in Minnesota by approvalsFIPS 27163
SBA loans in Washington 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 453 loans to businesses in Washington County, Minnesota, in FY2021 to FY2025, worth $198M: 405 under 7(a) and 48 under 504.
That is 69.2 approvals per 1,000 business establishments (6,542 establishments in 2023), close to the Minnesota figure of 62.4 and above the national 41.0.
It ranks 5th of 87 Minnesota counties with approvals. In FY2025 there were 101, about level with FY2024.
74 lenders had approvals here; the most active were U.S. Bank, National Association (66), The Huntington National Bank (53) and Twin Cities-Metro Certified Development Company (22). 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 Washington County
By number of approvals to businesses in the county, FY2021–FY2025; 74 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 66 | $10.4M | 14.6% | |
| 2 | The Huntington National BankColumbus, OH | 53 | $9.3M | 11.7% | |
| 3 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 22 | $19.1M | 4.9% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 19 | $610K | 4.2% | |
| 5 | Hiawatha National BankHager City, WI | 18 | $3.8M | 4.0% | |
| 6 | Old National BankEvansville, IN | 17 | $25.6M | 3.8% | |
| 7 | First Resource BankLino Lakes, MN | 17 | $4.0M | 3.8% | |
| 8 | Platinum BankOakdale, MN | 16 | $12.0M | 3.5% | |
| 9 | WBD, Inc.Madison, WI · CDC | 14 | $13.9M | 3.1% | |
| 10 | Choice Financial GroupFargo, ND | 13 | $9.0M | 2.9% | |
| 11 | Bell BankFargo, ND | 12 | $7.0M | 2.6% | |
| 12 | BankVistaSartell, MN | 12 | $5.5M | 2.6% | |
| 13 | First National Community BankNew Richmond, WI | 10 | $768K | 2.2% | |
| 14 | Nicolet National BankGreen Bay, WI | 9 | $4.8M | 2.0% | |
| 15 | 21st Century BankLoretto, MN | 9 | $3.1M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 35 | 7.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 31 | 6.8% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 25 | 5.5% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 23 | 5.1% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 18 | 4.0% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 17 | 3.8% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 3.1% | |
| 8 | Residential Building ConstructionNAICS 2361 | 14 | 3.1% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 13 | 2.9% | |
| 10 | Other Personal ServicesNAICS 8129 | 13 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 68 | 15.0% | |
| 2 | Construction | 63 | 13.9% | |
| 3 | Health Care and Social Assistance | 51 | 11.3% | |
| 4 | Retail Trade | 40 | 8.8% | |
| 5 | Accommodation and Food Services | 38 | 8.4% | |
| 6 | Manufacturing | 36 | 7.9% | |
| 7 | Professional, Scientific, and Technical Services | 33 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 31 | 6.8% |
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* | 41 | $20.8M | $250K | 9 | $10.8M | 50 | 686 |
| FY2025 | 95 | $29.0M | $150K | 6 | $9.1M | 101 | 825 |
| FY2024 | 94 | $44.3M | $137K | 9 | $7.1M | 103 | 1,262 |
| FY2023 | 85 | $34.3M | $145K | 11 | $9.8M | 96 | 1,262 |
| FY2022 | 66 | $26.0M | $247K | 10 | $7.6M | 76 | 894 |
| FY2021 | 65 | $24.0M | $175K | 12 | $7.2M | 77 | 684 |
| FY2020 | 69 | $23.6M | $150K | 19 | $10.2M | 88 | 668 |
| FY2019 | 75 | $24.0M | $100K | 9 | $9.4M | 84 | 691 |
| FY2018 | 67 | $27.8M | $125K | 8 | $7.4M | 75 | 742 |
| FY2017 | 66 | $21.9M | $134K | 13 | $9.1M | 79 | 804 |
| FY2016 | 78 | $27.4M | $129K | 13 | $9.3M | 91 | 851 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 417 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Washington County | Minnesota | United States |
|---|---|---|---|
| Approvals | 453 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 69.2 | 62.4 | 41.0 |
| Median 7(a) approval | $150K | $170K | $190K |
| Median 504 approval | $496K | $545K | $657K |
| Average approval | $438K | $497K | $573K |
| 504 share of approvals | 10.6% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 10.9 | 11.7 | 10.5 |
| Share of state approvals | 4.7% | 100.0% | — |
Approval sizes
- $50,000 or less29.4%133
- $50,001 to $150,00017.2%78
- $150,001 to $350,00019.9%90
- $350,001 to $1 million21.6%98
- $1 million to $2 million9.1%41
- Over $2 million2.9%13
Age of the businesses
- Existing, more than 2 years old46.8%212
- New business, 2 years or less23.4%106
- Startup, loan funds will open the business19.4%88
- Change of ownership10.2%46
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Washington County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (66), The Huntington National Bank (53), Twin Cities-Metro Certified Development Company (22), Wells Fargo Bank National Association (19), Hiawatha National Bank (18). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washington County?
The median 7(a) approval was $150K and the median 504 approval $496K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Washington County?
Restaurants and Other Eating Places (35); Personal Care Services (31); Services to Buildings and Dwellings (25); Other Amusement and Recreation Industries (23); Offices of Other Health Practitioners (18).
Is SBA lending in Washington County rising?
Approvals in the three latest complete fiscal years total 300, against 241 in the three before: rising (+24%).
How does Washington County compare with the rest of Minnesota?
69.2 approvals per 1,000 establishments against 62.4 statewide, and 453 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