SBAPULSE

Twin Cities-Metro Certified Development Company

Headquartered in Vadnais Heights, MN

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504 Lending (CDC)

Gross approval amounts (504 debenture)

FY2026 Volume

$60.4M

#31 by FY2026 volume

FY2026 Loans

53

$1.1M avg size

FY2022–FY2026 Volume

$327.3M

FY2022–FY2026 Loans

296

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

3 states, districts, and territories with activity

#
1MN50$55.3M$1.1M
2IA1$3.8M$3.8M
3WI2$1.3M$639K
Explore 504 loan-level performance

Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.