Feasibility Study Data for the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area

Minneapolis-St. Paul-Bloomington, MN-WI: reading the area whole

For Minneapolis-St. Paul-Bloomington, MN-WI, SBA's files show 12,697 approvals in FY2017 to FY2026, with $6.03 billion in gross dollars, in a metropolitan area. The charge-off floor for Minneapolis appears below, across 12,697 loans. Minneapolis counts as one of the busiest, ranked 9 of 928 by loans. Minneapolis, with every class pooled, is read in Minneapolis-St. Paul-Bloomington, MN-WI.

$57,500 to $515,000 spans the middle half of Minneapolis loans, and $200,000 is the median. Minneapolis sits close to the national level: its 0.96x ratio to the national median means Minneapolis requests sized nationally may look ordinary. Minneapolis: 7(a) leads the mix, with 11,023 7(a) loans against 1,674 under 504. Minneapolis franchised businesses took 9.7% of loans, so a branded concept in Minneapolis needs a brand-cost check in Minneapolis.

Classes, counties and lenders in Minneapolis

Minneapolis tracked classes among 12,697 loans, by loan count: full-service restaurant: 569; limited-service restaurant: 378; fitness center: 301; automotive mechanical repair: 246. Minneapolis also holds 9,653 loans outside every tracked class; Minneapolis small business lending shows here. Minneapolis's top counties by loans: 4,811 loans in Hennepin County, MN, 1,687 loans in Ramsey County, MN, and 1,354 loans in Dakota County, MN. Minneapolis 7(a) volume: U.S. Bank, National Association ($294.3 million, 1,624 loans); Wells Fargo Bank National Association ($177.4 million, 692 loans); The Huntington National Bank ($134.8 million, 637 loans). Twin Cities-Metro Certified Development Company ($545.7 million, 576 loans); Midwest Business Finance Corporation ($271.0 million, 371 loans); Amplio Economic Development Corporation ($224.3 million, 323 loans) lead 504 lending in Minneapolis. U.S. Bank, National Association, with 1,624 loans, tops the Minneapolis rows, each an SBA record of Minneapolis loans held or once held; none judges Minneapolis lenders.

Minneapolis ended FY2026 at 984 loans, lower than FY2017's 1,295; the peak came in FY2021 (1,451 loans, $857.3 million) and the low in FY2026 (984). A Minneapolis borrower should know the cancellation record: 10.1% as a floor and 11.3% as a ceiling, for FY2017 to FY2024 Minneapolis approvals. Of 5,591 Minneapolis loans disbursed in FY2017 to FY2021, 3.9% are charged off, a floor. Early Minneapolis charge-offs, those within five years, reach 2.2%. Minneapolis-St. Paul-Bloomington, MN-WI membership follows the July 2023 delineation; Minneapolis counties are matched by name, and a Minneapolis loan with no match is dropped, so 12,697 is a floor, and every Minneapolis rate is too.

Minneapolis: what a study has to test

For Minneapolis, a study tests Minneapolis demand within a defined trade area, since Hennepin County, MN dominates Minneapolis loan counts. If a Minneapolis concept resembles full-service restaurant, Minneapolis offers size and lender precedent; other Minneapolis concepts must rest on their own Minneapolis evidence. Minneapolis quotes should price construction and equipment. Then Minneapolis debt service coverage is tested at $200,000, and again at $515,000. Minneapolis-St. Paul-Bloomington, MN-WI spans MN and WI, so Minneapolis appraisers should check both sides of the MN and WI line for Minneapolis comparables, and the study should compare each side's rules. Minneapolis is metropolitan, so a Minneapolis appraisal should name its submarket and test Minneapolis comparables inside it. The Minneapolis record frames questions, and each lender in Minneapolis decides on its own.