Minnesota Business Finance Corporation
Headquartered in St. Cloud, MN
Compare interactively in the Lender Explorer.
504 Lending (CDC)
Gross approval amounts (504 debenture)
FY2025 Volume
$100.9M
FY2025 Loans
97
$1.0M avg size
FY2022–FY2026 Volume
$372.3M
FY2022–FY2026 Loans
439
Annual Trend
Approval volume (bars) and loan count (line)
Volume (left axis)Loans (right axis)
Geographic Footprint
Approval volume by project state, FY2025
LowHigh
Activity by State
5 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | MN | 85 | $81.8M | $962K |
| 2 | WI | 5 | $10.8M | $2.2M |
| 3 | ND | 5 | $6.5M | $1.3M |
| 4 | AZ | 1 | $1.2M | $1.2M |
| 5 | SD | 1 | $0.7M | $663K |
Source: SBA lender activity reports, data as of Jun 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.