Construction lenders in Clay, MN
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
20 institutions have SBA 7(a) loans on record to this industry in Clay, MN, together $12.9M across 63 loans. Choice Financial Group is the largest, with 20% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Choice Financial Group | 1 | $2.6M | 20.2% |
| 2 | Wells Fargo Bank National Association | 6 | $2.3M | 17.9% |
| 3 | Red River State Bank | 6 | $2.2M | 17.0% |
| 4 | Cornerstone Bank | 5 | $1.4M | 10.9% |
| 5 | Farmers & Merchants Bank of North Dakota | 8 | $845K | 6.6% |
| 6 | Bell Bank | 6 | $729K | 5.7% |
| 7 | Old National Bank | 3 | $636K | 4.9% |
| 8 | Bravera Bank | 8 | $582K | 4.5% |
| 9 | State Bank of Lake Park | 4 | $502K | 3.9% |
| 10 | Starion Bank | 1 | $315K | 2.4% |
| 11 | Town and Country CU | 2 | $200K | 1.6% |
| 12 | Northwestern Bank, National Association | 1 | $150K | 1.2% |
| 13 | First Western Bank & Trust | 3 | $145K | 1.1% |
| 14 | Dakota Business Lending | 1 | $92K | 0.7% |
| 15 | My Kind of Bank National Association | 1 | $50K | 0.4% |
| 16 | Alerus Financial, National Association | 2 | $29K | 0.2% |
| 17 | Aspire Bank | 1 | $25K | 0.2% |
| 18 | First International Bank and Trust | 1 | $25K | 0.2% |
| 19 | U.S. Bank, National Association | 2 | $20K | 0.2% |
| 20 | United Community Bank | 1 | $20K | 0.2% |
See construction lenders nationally
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.