CDFI lenders in Minnesota

• 3 · Name a county or town in MNLender websites, read 29 Oct 2026–4 Nov 2026
• 2 · Lend statewideLender websites, read 29 Oct 2026–4 Nov 2026
• 12 · Name Minnesota or part of itLender websites, read 29 Oct 2026–4 Nov 2026
• 17 · Headquartered here, no area statedCDFI Fund list, 21 Oct 2026
• 38 · Say they lend nationwideLender websites, read 29 Oct 2026–4 Nov 2026

Each lender is listed once, under the strongest evidence we have. 32 certified CDFIs are headquartered in Minnesota (CDFI Fund list, 21 Oct 2026); 15 of them appear in the first groups because their website names an area here.

Loan types with too few lenders here for a page of their own. Each row quotes the lender's website.

20 certified loan funds headquartered in Minnesota are matched to a Form 990 or 990-EZ; median total assets $21.1M. End-of-year figures self-reported to the IRS, from the IRS Annual Extract of Tax-Exempt Organization Financial Data; each row shows its own fiscal year. Assets are the organisation’s whole balance sheet, not only its loans; “Loans receivable” is Form 990 Part X line 7 (notes and loans receivable); “—” means that line was empty or zero, not that the fund has no loans.

Certified CDFIs were the lender, the CDC or the third-party lender on 376 SBA approvals (329 7(a) loans and 47 504 projects) for borrowers in Minnesota in fiscal years 2020–2026, from 10 CDFIs. The 7(a) loans total $95M approved.

Most SBA approvals here: Sunrise Banks, N.A. (171), Northeast Entrepreneur Fund, Inc. (133), Dakota Business Lending (37), First Children's Finance (11), African Development Center (9).

Approval is not disbursement. Each lender page shows its own SBA figures.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

4,132 loans and investments totaling $928.4M (median $50,000) were reported to the CDFI Fund for borrowers and projects in Minnesota in fiscal year 2022, by 52 reporting CDFIs.

Of 1,723 individual borrowers whose income was reported, 58% had family income at or below 80% of the area median.

CDFI banks and credit unions also reported 48,454 consumer loans in Minnesota totaling $624.9M (Consumer Loan Report, tract totals, so no median); they counted 43% of them as serving low-income borrowers.

Counties with the most recorded loans and investments

Fiscal year 2022; 41 Minnesota counties have at least three. Records whose tract is not in a county we can match are counted in the state total only.

Loans and investments reported in other years: FY2018 1,833 · FY2019 3,003 · FY2020 5,700 · FY2021 8,077.

Only CDFIs that hold an active CDFI Fund award (CDFI Program, Native American CDFI Assistance or the CDFI Rapid Response Program) report these transactions, so this is not all lending by the certified CDFIs on this page. The Fund masks which CDFI made each loan, so we cannot say which lender listed here made them.

Source: CDFI Fund, CDFI/NACA/CDFI RRP Program Award Recipient Data Release, Transaction Level Report and Consumer Loan Report public files for fiscal year 2022 (released Dec 2024; downloaded 3 Nov 2026). Amounts are original loan or investment amounts as reported. Place = the 2010 census tract of each record. How we count.

32 certified CDFIs: 28 loan funds · 2 credit unions · 1 bank or thrift · 1 bank holding company; 3 flagged Native. A headquarters address is not a service area; each lender is also listed in its group above.

• Bemidji (1): Northwest Minnesota Community Impact Corporation
• Detroit Lakes (1): Midwest Minnesota Community Development Corporation
• Duluth (4): Minnesota Power Employees Credit Union, Neighborhood Housing Services of Duluth, Inc., Northeast Entrepreneur Fund, Inc., Northland Foundation · city page
• Hoyt Lakes (1): NorthRidge Community Credit Union
• Little Canada (1): Indian Land Capital Company LLC
• Little Falls (1): INITIATIVE FOUNDATION IMPACT FUND
• Minneapolis (8): African Development Center, Community Reinvestment Fund, Inc, First Children's Finance, Metropolitan Consortium of Community Developers, Metropolitan Economic Development Association, Mni Sota Fund, Propel Nonprofits, The Sunlight Loan Fund, LLC · city page
• Minneapolis, MN 55411 (1): NEON BUSINESS FINANCE
• Ogema (1): White Earth Investment Initiative
• Saint Paul (7): Hmong American Partnership ECDC, Latino Economic Development Center, NEIGHBORHOOD DEVELOPMENT CENTER, NeDA Centro de Finanzas LLC, Shared Capital Cooperative, University Financial Corp., Womenventure · city page
• St Paul (3): African Economic Development Solutions, Community Neighborhood Housing Services, Sunrise Banks, N.A. · city page
• St. Paul (3): Greater Minnesota Housing Fund, Habitat for Humanity of Minnesota, Inc., TCHFH Lending, Inc. · city page