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County8th of 87 in Minnesota by approvalsFIPS 27171
SBA loans in Wright 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 Wright County, Minnesota, received 252 SBA loan approvals worth $130M in FY2021 to FY2025 (198 7(a), 54 504).
That is 68.5 approvals per 1,000 business establishments (3,680 establishments in 2023), close to the Minnesota figure of 62.4 and above the national 41.0.
It ranks 8th of 87 Minnesota counties with approvals. In FY2025 there were 43, down 10% on FY2024.
59 lenders had approvals here; the most active were Bravera Bank (31), Midwest Business Finance Corporation (27) and The Huntington National Bank (15). 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 Wright County
By number of approvals to businesses in the county, FY2021–FY2025; 59 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bravera BankDickinson, ND | 31 | $3.9M | 12.3% | |
| 2 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 27 | $25.7M | 10.7% | |
| 3 | The Huntington National BankColumbus, OH | 15 | $7.7M | 6.0% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 15 | $4.1M | 6.0% | |
| 5 | Old National BankEvansville, IN | 12 | $11.1M | 4.8% | |
| 6 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 11 | $12.8M | 4.4% | |
| 7 | BankVistaSartell, MN | 9 | $1.4M | 3.6% | |
| 8 | Central Minnesota Development CompanyAndover, MN · CDC | 7 | $7.7M | 2.8% | |
| 9 | Minnesota Lakes BankDelano, MN | 7 | $1.4M | 2.8% | |
| 10 | Highland BankSt. Paul, MN | 7 | $385K | 2.8% | |
| 11 | Choice Financial GroupFargo, ND | 6 | $4.9M | 2.4% | |
| 12 | Amplio Economic Development CorporationArden Hills, MN · CDC | 6 | $1.9M | 2.4% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 6 | $1.8M | 2.4% | |
| 14 | Nicolet National BankGreen Bay, WI | 5 | $3.3M | 2.0% | |
| 15 | Hiawatha National BankHager City, WI | 5 | $1.5M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 25 | 9.9% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 5.6% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 14 | 5.6% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 13 | 5.2% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 9 | 3.6% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 8 | 3.2% | |
| 7 | Personal Care ServicesNAICS 8121 | 8 | 3.2% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 7 | 2.8% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 2.8% | |
| 10 | General Freight TruckingNAICS 4841 | 6 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 40 | 15.9% | |
| 2 | Manufacturing | 35 | 13.9% | |
| 3 | Other Services (except Public Administration) | 30 | 11.9% | |
| 4 | Accommodation and Food Services | 28 | 11.1% | |
| 5 | Health Care and Social Assistance | 22 | 8.7% | |
| 6 | Retail Trade | 18 | 7.1% | |
| 7 | Professional, Scientific, and Technical Services | 17 | 6.7% | |
| 8 | Arts, Entertainment, and Recreation | 16 | 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* | 36 | $20.5M | $238K | 7 | $2.9M | 43 | 324 |
| FY2025 | 38 | $14.9M | $180K | 5 | $3.0M | 43 | 367 |
| FY2024 | 37 | $23.1M | $150K | 11 | $8.9M | 48 | 596 |
| FY2023 | 45 | $15.1M | $150K | 11 | $11.9M | 56 | 652 |
| FY2022 | 39 | $7.6M | $120K | 15 | $12.0M | 54 | 585 |
| FY2021 | 39 | $16.7M | $107K | 12 | $16.3M | 51 | 550 |
| FY2020 | 27 | $17.7M | $255K | 8 | $3.3M | 35 | 464 |
| FY2019 | 25 | $5.7M | $50K | 7 | $6.4M | 32 | 242 |
| FY2018 | 32 | $11.3M | $148K | 6 | $2.5M | 38 | 311 |
| FY2017 | 46 | $11.7M | $93K | 10 | $3.4M | 56 | 504 |
| FY2016 | 48 | $8.4M | $33K | 10 | $3.6M | 58 | 402 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 219 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Wright County | Minnesota | United States |
|---|---|---|---|
| Approvals | 252 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 68.5 | 62.4 | 41.0 |
| Median 7(a) approval | $150K | $170K | $190K |
| Median 504 approval | $591K | $545K | $657K |
| Average approval | $514K | $497K | $573K |
| 504 share of approvals | 21.4% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 10.9 | 11.7 | 10.5 |
| Share of state approvals | 2.6% | 100.0% | — |
Approval sizes
- $50,000 or less22.6%57
- $50,001 to $150,00020.6%52
- $150,001 to $350,00018.7%47
- $350,001 to $1 million25.4%64
- $1 million to $2 million7.5%19
- Over $2 million5.2%13
Age of the businesses
- Existing, more than 2 years old52.8%133
- New business, 2 years or less19.8%50
- Startup, loan funds will open the business17.5%44
- Change of ownership9.9%25
Questions and answers
Which lenders make the most SBA loans in Wright County?
By approvals in FY2021 to FY2025: Bravera Bank (31), Midwest Business Finance Corporation (27), The Huntington National Bank (15), U.S. Bank, National Association (15), Old National Bank (12). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wright County?
The median 7(a) approval was $150K and the median 504 approval $591K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Wright County?
Restaurants and Other Eating Places (25); Automotive Repair and Maintenance (14); Other Amusement and Recreation Industries (14); Offices of Other Health Practitioners (13); Services to Buildings and Dwellings (9).
Is SBA lending in Wright County rising?
Approvals in the three latest complete fiscal years total 147, against 140 in the three before: broadly level (+5%).
How does Wright County compare with the rest of Minnesota?
68.5 approvals per 1,000 establishments against 62.4 statewide, and 252 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