# SBA loans to commercial building contractors in Minnesota **Short answer:** SBA's loan file shows 51 loans to commercial building contractors in Minnesota since October 2019. 51.0% went to businesses more than two years old, against 77.9% nationally. Canonical page: https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/minnesota/ Data as of: 2026-06-30 These are the 51 SBA 7(a) loans to [commercial building contractors](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/) in [Minnesota](https://www.sbaexpress.loans/minnesota-small-business-loans/) approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other. ## How Minnesota differs from the U.S. **What this means for you.** Younger businesses got a bigger share of these loans here than nationally. ### Established businesses 51.0% of the loans in Minnesota went to businesses more than two years old, against 77.9% nationally. In business more than 2 years, share of loans, Oct 2019 to Jun 2026 - Minnesota: 51.0% - United States: 77.9% We compared 8 measures with the national figure for the same period, and this is the one that differs clearly. One more difference is in the table. ## Minnesota next to the U.S. **Minnesota compared with all loans to commercial building contractors in the U.S., October 2019 to June 2026** | Measure | Minnesota | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 0.54% | 0.62% | No clear gap | | Median loan | $315,000 | $175,000 | No clear gap | | Middle half of loans | $75,000 to $646,550 | $75,000 to $400,000 | – | | Startups (the loan opens the business) | Fewer than 5 | 2.7% | n/a | | In business 2 years or less | 25.5% | 13.9% | No clear gap | | In business more than 2 years | 51.0% | 77.9% | Clearly lower | | Change of ownership | 19.6% | 4.4% | Clearly higher | | SBA Express | 51.0% | 60.9% | No clear gap | | Lines of credit | 39.2% | 53.2% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2 points over Prime | 2.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## Who lends in Minnesota The 2 lenders below made 16 of the 51 loans approved October 2019 to June 2026, or 31.4%. A lender is listed when it has 5 or more of them, five at most. **Top lenders in Minnesota** | Lender | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/) | 9 | 17.6% | 7.7% | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/) | 7 | 13.7% | 6.7% | Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry. ## Commercial building contractors in other states Other states where these loans differ clearly from the national pattern, most loans first. **Commercial building contractors by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/california/) | 271 | | [New York](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/new-york/) | 191 | | [Puerto Rico](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/puerto-rico/) | 58 | | [Massachusetts](https://www.sbaexpress.loans/industries/commercial-institutional-building-construction/massachusetts/) | 51 | ## More industries in Minnesota Other industries in Minnesota with a clear difference from the national pattern, most loans first. **Other industries in Minnesota** | Industry | Loans since October 2019 | | --- | --- | | [Landscaping and lawn care companies](https://www.sbaexpress.loans/industries/landscaping-services/minnesota/) | 211 | | [Chiropractic practices](https://www.sbaexpress.loans/industries/offices-of-chiropractors/minnesota/) | 180 | | [Home remodeling contractors](https://www.sbaexpress.loans/industries/residential-remodelers/minnesota/) | 158 | | [Local trucking companies](https://www.sbaexpress.loans/industries/general-freight-trucking-local/minnesota/) | 135 | | [Home health and home care agencies](https://www.sbaexpress.loans/industries/home-health-care-services/minnesota/) | 131 | | [Electrical contractors](https://www.sbaexpress.loans/industries/electrical-contractors-other-wiring-installation-contractors/minnesota/) | 111 | | [Dump truck and local bulk hauling companies](https://www.sbaexpress.loans/industries/specialized-freight-trucking-local/minnesota/) | 99 | | [Long-haul truckload carriers](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/minnesota/) | 79 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)