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MN
Last updated: July 11, 2025
Minnesota Business Funding Guide
Minnesota continues to earn recognition as one of the best states to get a business loan in 2025. With average SBA loans around $520,000 and high approval volumes, businesses in Minneapolis and Saint Paul enjoy strong access to capital. Sectors such as finance, agri-tech, and healthcare are particularly well-served by an active community of lenders, intermediaries, and business advisors.
5,706,494
Population
540000
Avg. Funding Amount
Finance
Business Climate
3
Major Cities
Major Business Centers
Minneapolis
Saint Paul
Rochester
Top Business Funding Topics for Minnesota
Essential reading for Minnesota entrepreneurs seeking business funding
Merchant Cash Advance
#1
Everything you need to know about merchant cash advances, including how they work, costs, benefits, and alternatives - Specifically tailored for Minnesota businesses and market conditions.
12 min read
Read Guide