Construction lenders in Polk, MN
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
10 institutions have SBA 7(a) loans on record to this industry in Polk, MN, together $11.0M across 51 loans. Choice Financial Group is the largest, with 45% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Choice Financial Group | 1 | $5.0M | 45.3% |
| 2 | Ultima Bank Minnesota | 28 | $2.8M | 25.5% |
| 3 | Frandsen Bank and Trust | 6 | $1.2M | 11.0% |
| 4 | Bank Forward | 5 | $850K | 7.7% |
| 5 | Unity Bank | 2 | $320K | 2.9% |
| 6 | Old National Bank | 2 | $286K | 2.6% |
| 7 | U.S. Bank, National Association | 3 | $268K | 2.4% |
| 8 | First Community CU | 1 | $250K | 2.3% |
| 9 | VelocitySBA, LLC | 2 | $20K | 0.2% |
| 10 | Red River State Bank | 1 | $18K | 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.