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SBA Loans in Duluth, MN

Explore recent SBA 7(a) and 504 lending activity in Duluth. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

Total SBA loans
824
all programs
Approved $
$221.9M
last 24 months
Avg loan
$269K
median $245K
Active lenders
64
approved here
Jobs supported
6,997
cumulative

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DULUTH · 824 LOANS

Top lenders in Duluth

Wells Fargo Bank National Association
95
Northeast Entrepreneur Fund, Inc.
92
Park State Bank
84
U.S. Bank, National Association
84
National Bank of Commerce
68
North Shore Bank of Commerce
60

Top industries in Duluth

Full-Service Restaurants
60
Limited-Service Restaurants
27
Drinking Places (Alcoholic Beverages)
15
Offices of Chiropractors
15
Hotels (except Casino Hotels) and Motels
13
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Loan records · Duluth, MN
Showing largest 500 of 824 records
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Northern Medical Strategies LLC
Duluth, MN · 55811
$5,000,000
7(a)
Frandsen Bank and Trust$556K/job · 2021-09-22
Zenith Gold Dust Inc.
Duluth, MN · 55802
$4,680,000
7(a)
Stearns Bank National Association$312K/job · 2010-11-10
GeaCom, Inc.
Duluth, MN · 55802
$3,725,000
7(a)
Lincoln Savings Bank$233K/job · 2022-01-27
Northern Engine & Supply Inc
Duluth, MN · 55806
$3,625,000
7(a)
The Huntington National Bank$104K/job · 2025-02-25
Clyde Industrial Park, Inc.
Duluth, MN · 55806
$3,600,000
7(a)
The First National Bank of Moose Lake$95K/job · 2016-12-14
Involta, LLC
Duluth, MN · 55802
$3,142,000
504
Midwest Business Finance Corporation$314K/job · 2011-09-30
Park Point Marina Inn & Suites, LLC
Duluth, MN · 55802
$3,068,000
504
Central Minnesota Development Company$1.5M/job · 2017-04-27
DULUTH HOSPITALITY LLC
Duluth, MN · 55806
$2,878,000
7(a)
LendingClub Bank, National Association$169K/job · 2021-04-20
Endless Shores Inc.
Duluth, MN · 55802
$2,311,700
7(a)
Old National Bank$385K/job · 2024-09-11
Freedom Respiratory Solutions, L.L.C.
Duluth, MN · 55805
$2,277,000
7(a)
BankVista$253K/job · 2018-09-07
World Block, Inc.
Duluth, MN · 55803
$2,225,700
7(a)
Old National Bank$223K/job · 2010-12-06
MRAK, LLC
Duluth, MN · 55802
$2,165,000
7(a)
21st Century Bank$271K/job · 2019-03-28
Tanner’s Express LLC
Duluth, MN · 55811
$2,076,000
504
Twin Cities-Metro Certified Development Company$297K/job · 2025-07-18
Trails & Trees Inc
Duluth, MN · 55802
$2,071,800
7(a)
Old National Bank$1.0M/job · 2022-06-02
Northern Door & Hardware, Inc.
Duluth, MN · 55806
$1,950,000
7(a)
National Bank of Commerce$130K/job · 2013-04-17
New London Corporation
Duluth, MN · 55802
$1,676,000
7(a)
Alerus Financial, National Association$21K/job · 2011-01-28
Van Technologies Inc
Duluth, MN · 55804
$1,631,500
7(a)
National Bank of Commerce$96K/job · 2019-04-17
DS8 Property LLC
Duluth, MN · 55807
$1,612,000
504
Amplio Economic Development Corporation$115K/job · 2026-02-17
Simco Properties, LLC
Duluth, MN · 55803
$1,611,000
7(a)
Wells Fargo Bank National Association$81K/job · 2016-03-02
Clyde Industrial Park, Inc.
Duluth, MN · 55806
$1,544,000
7(a)
Members Cooperative Credit Union$26K/job · 2018-12-13
Canal Park Brewing Company, LLC
Duluth, MN · 55802
$1,433,000
504
WBD, Inc.$57K/job · 2011-09-14
Warloe Properties LLC
Duluth, MN · 55811
$1,426,000
504
Midwest Business Finance Corporation$143K/job · 2024-10-11
HOOPS BREWING COMPANY L.L.C.
Duluth, MN · 55802
$1,408,000
7(a)
Wells Fargo Bank National Association$201K/job · 2016-09-16
BLACK AT BLUE LLC
Duluth, MN · 55812
$1,324,000
504
Midwest Business Finance Corporation$25K/job · 2013-11-15
LAKE SUPERIOR HELICOPTERS, LLC
Duluth, MN · 55811
$1,290,000
7(a)
Frandsen Bank and Trust$86K/job · 2018-07-30
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