# SBA loans to dump truck and local bulk hauling companies in Minnesota **Short answer:** SBA's loan file shows 99 loans to dump truck and local bulk hauling companies in Minnesota since October 2019. Granite Bank made 46.5% of them, well above its share nationally and across all loans in Minnesota. 11.1% were lines of credit, against 31.9% nationally. Canonical page: https://www.sbaexpress.loans/industries/specialized-freight-trucking-local/minnesota/ Data as of: 2026-06-30 These are the 99 SBA 7(a) loans to [dump truck and local bulk hauling companies](https://www.sbaexpress.loans/industries/specialized-freight-trucking-local/) 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.** One lender made a large share of these loans in Minnesota, so compare more than one lender before you apply. ### Lender concentration [Granite Bank](https://www.sbaexpress.loans/sba-express-lenders/granite-bank/) made 46.5% of these loans (46 of 99). Nationally it made 4.0% of loans to dump truck and local bulk hauling companies. It is not among the five biggest SBA lenders in Minnesota. ### Lines of credit 11.1% of the loans in Minnesota were lines of credit, against 31.9% nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Minnesota: 11.1% - United States: 31.9% ### SBA Express 75.8% of the loans in Minnesota went through SBA Express, against 60.7% nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Minnesota: 75.8% - United States: 60.7% We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table. ## Minnesota next to the U.S. **Minnesota compared with all loans to dump truck and local bulk hauling companies in the U.S., October 2019 to June 2026** | Measure | Minnesota | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 1.0% | 0.35% | Clearly higher | | Median loan | $118,000 | $75,000 | No clear gap | | Middle half of loans | $54,550 to $186,400 | $30,000 to $180,000 | – | | Startups (the loan opens the business) | 16.2% | 15.3% | No clear gap | | In business 2 years or less | 31.3% | 24.9% | No clear gap | | In business more than 2 years | 50.5% | 55.0% | No clear gap | | Change of ownership | 0.0% | 2.3% | No clear gap | | SBA Express | 75.8% | 60.7% | Clearly higher | | Lines of credit | 11.1% | 31.9% | Clearly lower | | Median term | 5 years | 10 years | – | | Median spread over Prime at approval | 2.5 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 5 lenders below made 71 of the 99 loans approved October 2019 to June 2026, or 71.7%. 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 | | --- | --- | --- | --- | | [Granite Bank](https://www.sbaexpress.loans/sba-express-lenders/granite-bank/) | 46 | 46.5% | 4.0% | | [Security Bank USA](https://www.sbaexpress.loans/sba-express-lenders/security-bank-usa/) | 8 | 8.1% | Not in top 5 | | [Falcon National Bank](https://www.sbaexpress.loans/sba-express-lenders/falcon-national-bank/) | 6 | 6.1% | Not in top 5 | | [Northeast Entrepreneur Fund](https://www.sbaexpress.loans/sba-express-lenders/northeast-entrepreneur-fund/) | 6 | 6.1% | Not in top 5 | | [Hiawatha National Bank](https://www.sbaexpress.loans/sba-express-lenders/hiawatha-national-bank/) | 5 | 5.1% | Not in top 5 | 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. ## Dump truck and local bulk hauling companies in other states Other states where these loans differ clearly from the national pattern, most loans first. **Dump truck and local bulk hauling companies by state** | State | Loans since October 2019 | | --- | --- | | [Ohio](https://www.sbaexpress.loans/industries/specialized-freight-trucking-local/ohio/) | 177 | | [Texas](https://www.sbaexpress.loans/industries/specialized-freight-trucking-local/texas/) | 56 | ## 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 | | [Long-haul truckload carriers](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/minnesota/) | 79 | | [Management consulting firms](https://www.sbaexpress.loans/industries/administrative-management-general-management-consulting-services/minnesota/) | 68 | 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)