Retail trade lenders in Clay, MN
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
9 institutions have SBA 7(a) loans on record to this industry in Clay, MN, together $1.6M across 11 loans. Midwest Bank is the largest, with 34% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Midwest Bank | 1 | $540K | 34.3% |
| 2 | Border Bank | 2 | $325K | 20.6% |
| 3 | Aspire Bank | 1 | $300K | 19.0% |
| 4 | Magnifi Financial CU | 1 | $155K | 9.8% |
| 5 | Northwestern Bank, National Association | 2 | $125K | 7.9% |
| 6 | Bravera Bank | 1 | $40K | 2.5% |
| 7 | American Federal Bank | 1 | $40K | 2.5% |
| 8 | Alerus Financial, National Association | 1 | $30K | 1.9% |
| 9 | Bell Bank | 1 | $20K | 1.3% |
See retail trade 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.