How many small businesses are in Minnesota?

Minnesota has approximately 557,000 small businesses, representing 99.5 percent of all businesses in the state. They employ 1.3 million workers — 47.6 percent of Minnesota's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in Minnesota?

Minnesota received 1,612 SBA 7(a) loan approvals in FY2024, totaling $691 million. The average loan size was approximately $429,000. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does Minnesota have a commercial financing disclosure law?

No. Minnesota has not enacted a statewide commercial financing disclosure law as of 2026. Commercial lending is governed primarily by federal law and lender agreements.

What financing products work best for Minnesota small businesses?

Professional services firms use working capital lines. Healthcare and medical device businesses access SBA 7(a) and equipment financing. Agricultural businesses use equipment loans and seasonal working capital. The right product depends on your industry and revenue profile.

Is ClearValue Lending available in Minnesota?

Yes. ClearValue Lending routes Minnesota SMB applicants to lender partners operating across Minneapolis, St. Paul, Rochester, Duluth, and statewide including greater Minnesota agricultural markets. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for Minnesota SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting on the full file.

Small Business Loans in Minnesota

Minnesota has 557,000 small businesses employing 1.3 million workers — 47.6 percent of the state's private workforce. In FY2024, Minnesota small businesses received 1,612 SBA 7(a) loans totaling $691 million, with an average loan size of approximately $429,000. The Twin Cities metro is one of the largest Fortune 500 headquarters concentrations in the country — and the professional services SMB ecosystem that supports those corporations is substantial. Healthcare, manufacturing, and agriculture round out Minnesota's distinct SMB profile.