Retail trade lenders in Scott, MN
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
23 institutions have SBA 7(a) loans on record to this industry in Scott, MN, together $16.2M across 46 loans. BankCherokee is the largest, with 19% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | BankCherokee | 1 | $3.1M | 19.4% |
| 2 | U.S. Bank, National Association | 6 | $2.3M | 14.1% |
| 3 | Choice Financial Group | 2 | $2.1M | 13.0% |
| 4 | VisionBank | 3 | $1.6M | 9.7% |
| 5 | Byline Bank | 1 | $1.3M | 7.7% |
| 6 | First Bank & Trust | 4 | $647K | 4.0% |
| 7 | MidCountry Bank | 1 | $644K | 4.0% |
| 8 | Granite Bank | 1 | $500K | 3.1% |
| 9 | Old National Bank | 5 | $458K | 2.8% |
| 10 | Woodlands National Bank | 1 | $425K | 2.6% |
| 11 | Wells Fargo Bank National Association | 3 | $415K | 2.6% |
| 12 | Minnwest Bank | 2 | $410K | 2.5% |
| 13 | Cornerstone State Bank | 1 | $371K | 2.3% |
| 14 | First National Bank Minnesota | 1 | $333K | 2.1% |
| 15 | New Market Bank | 1 | $275K | 1.7% |
| 16 | BMO Bank National Association | 1 | $260K | 1.6% |
| 17 | The State Bank of Faribault | 2 | $258K | 1.6% |
| 18 | Voyager Bank | 1 | $205K | 1.3% |
| 19 | Citizens Bank & Trust Co | 1 | $200K | 1.2% |
| 20 | Associated Bank National Association | 5 | $165K | 1.0% |
| 21 | Forward Bank | 1 | $150K | 0.9% |
| 22 | Metropolitan Economic Development Association | 1 | $100K | 0.6% |
| 23 | Reliance Bank | 1 | $42K | 0.3% |
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.