Construction lenders in Itasca, 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 Itasca, MN, together $13.3M across 33 loans. Park State Bank is the largest, with 55% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Park State Bank | 21 | $7.3M | 54.8% |
| 2 | Frandsen Bank and Trust | 1 | $1.9M | 14.2% |
| 3 | Ultima Bank Minnesota | 2 | $1.8M | 13.1% |
| 4 | Readycap Lending, LLC | 1 | $1.4M | 10.3% |
| 5 | Woodlands National Bank | 1 | $492K | 3.7% |
| 6 | Northeast Entrepreneur Fund, Inc. | 2 | $198K | 1.5% |
| 7 | Wells Fargo Bank National Association | 2 | $165K | 1.2% |
| 8 | Lake Region Bank | 2 | $131K | 1.0% |
| 9 | VelocitySBA, LLC | 1 | $20K | 0.1% |
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.