Small business loans in St. Cloud, MN
Short answer
The most active SBA lenders in St. Cloud, MN since FY2024 are Falcon National Bank (10 loans) and BankVista (7). The median loan was $150,000, and half fell between $50,000 and $514,500. For free help, see the Minnesota Small Business Development Centers. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 53
- approved since FY2024
- $23.29M
- median loan
- $150,000
- through SBA Express
- 43.4%
Lenders making SBA loans in St. Cloud
No lender made more than 19% of the loans in St. Cloud, and Falcon National Bank made the most. The four largest lenders together made 55%.
| Lender | Loans | Share |
|---|---|---|
| Falcon National Bank | 10 | 18.9% |
| BankVista | 7 | 13.2% |
| Stearns Bank | 6 | 11.3% |
| U.S. Bank | 6 | 11.3% |
Share is the percent of all St. Cloud loans in that period. Each name links to that lender's page for Minnesota where one exists.
St. Cloud has four lenders with five or more loans since FY2024. Others had fewer, and the Minnesota page counts 211 lenders with at least one approved loan statewide.
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Local help near St. Cloud
St. Cloud borrowers can start with SBA's district office for Minnesota, an SBDC or SCORE.
SBA has one district office for Minnesota. Its page points to state and federal resources and to lenders in the area. The Minnesota Small Business Development Centers gives free counseling across Minnesota.
- SBA Minnesota District Office (Minneapolis)SBA district office
- Minnesota Small Business Development CentersSmall Business Development Center
- SCORE mentors in MinnesotaBusiness mentoring
Alongside SBA loans, Minnesota runs a loan program. The Minnesota page describes it, and the official page is linked here.
Loan counts and sizes in St. Cloud
St. Cloud ranks 6th by loans since FY2024 among the 10 Minnesota cities with 100 or more SBA loans since FY2020. Nationally it is the 508th busiest of the 580 cities that reach 100 loans.
The 53 loans, 1.5% of the 3,576 in Minnesota, were approved for $23.3 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $150,000, close to the national median of $150,300. Half of the loans fell between $50,000 and $514,500. The Minnesota median is $150,000.
| Measure | St. Cloud | Minnesota | U.S. |
|---|---|---|---|
| Loans | 53 | 3,576 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $514,500 | $499,350 | $500,000 |
| Via SBA Express | 43.4% | 42.0% | 35.8% |
| Lines of credit | 43.4% | 31.8% | 28.1% |
| Startups | n/a | 15.5% | 16.1% |
| Ownership changes | 15.1% | 14.4% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 2.0 | 2.75 |
| Charged off | Fewer than 5 | 2.4% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
43.4% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 43.4% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 10% from FY2024 (21 loans) to FY2025 (19), the two latest full years. The busiest full year in the file was FY2021, with 29 loans. FY2026 already shows 13 loans through June 30.
Of the 77 loans St. Cloud borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 863 jobs supported across the 53 loans since FY2024, about 16.3 per loan. SBA does not audit these estimates.
What businesses in St. Cloud borrow for
Full-Service Restaurants was the largest borrower group in St. Cloud since FY2020, with 9 loans or 5.9% of the total.
The five largest industries made up 20% of all St. Cloud loans since FY2020.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 9 | 5.9% | 4.6% |
| Home Health Care Services | 6 | 3.9% | 1.0% |
| All Other Miscellaneous Wood Product Manufacturing | 5 | 3.3% | 0.1% |
| Machine Shops | 5 | 3.3% | 0.3% |
| Motor Vehicle Towing | 5 | 3.3% | 0.2% |
Share is the percent of all St. Cloud loans in that period. Industry is the NAICS code on each loan. A name links to the Minnesota page for that industry where one exists.
A typical loan payment in St. Cloud
The median St. Cloud loan was $150,000 with a median term of 10 years.
The median variable-rate loan in St. Cloud was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $150,000 over 10 years, principal and interest would come to about $1,900 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $633 |
| Median loan | $150,000 | $1,900 |
| 75th percentile loan | $514,500 | $6,517 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 4.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
St. Cloud loans approved since FY2024 had a median starting rate of 9.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $150,000 loan and SBA Express payment calculator.
SBA 504 loans near St. Cloud
St. Cloud has 7 SBA 504 loans since FY2024, with $4.2 million in SBA and CDC dollars.
The median 504 loan in St. Cloud was $506,000 in SBA and CDC dollars, 10% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Midwest Business Finance Corporation is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 21 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Midwest Business Finance Corporation | 21 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Minnesota cities near St. Cloud
St. Cloud made up 1.5% of Minnesota's SBA loans since FY2024.
St. Cloud is one of 10 Minnesota cities with 100 or more SBA loans since FY2020. The Minnesota page covers all 3,576 loans in Minnesota. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in St. Cloud
Which lenders make the most SBA loans in St. Cloud?
Falcon National Bank leads with 10 loans in St. Cloud since FY2024. BankVista (7) and Stearns Bank (6) follow. Only lenders with five or more St. Cloud loans are counted.
Which industries get SBA loans in St. Cloud?
Full-Service Restaurants leads with 9 loans in St. Cloud since FY2020. Home Health Care Services (6) and All Other Miscellaneous Wood Product Manufacturing (5) follow.
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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Minnesota District Office (Minneapolis)
- Minnesota Small Business Development Centers
- SCORE, Minnesota
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in St. Cloud, MN. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/minnesota-small-business-loans/st-cloud/
Ask lending partners about a loan in St. Cloud
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.