MINNESOTA · NAICS NAICS 484, 4885, 4931 families
Minnesota trucking and logistics deals are projection-sensitive, with rate per mile, fuel, and contract concentration stress-tested in the study. The I-94 and I-35 corridors tie the Twin Cities distribution base to both coasts and the Canadian border, and Duluth's port adds bulk and project cargo to the freight economy.
FEASIBILITY TRIGGER
Projection-sensitive underwriting; rate per mile, fuel, and contract concentration are stress-tested.
Between FY2010 and FY2026, SBA lenders approved and disbursed 783 7(a) and 504 loans for trucking and logistics projects in Minnesota, totaling $230.0 million in approved financing at an average of $294,000 per loan. Minnesota ranks #11 of 38 states tracked for trucking and logistics SBA lending volume and accounts for 2.6% of national trucking and logistics SBA dollar volume. 93.6% of these loans were made under the 7(a) program, the remainder under 504. 85 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 783 |
| Approved volume | $230.0 million |
| Average loan size | $294,000 |
| 7(a) share | 93.6% |
| Approvals since FY2024 | 85 |
| State rank by loan count | #11 of 38 |
Among the 572 seasoned loans in this segment (approvals FY2010–FY2021), 5.6% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for trucking and logistics is 9.2%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 5.6% adverse-resolution rate below the national trucking and logistics benchmark of 9.2% supports the credit story for well-underwritten Minnesota projects in this class. Across 783 SBA loans averaging $294,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Minnesota trucking and logistics project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Minnesota projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and the state's calendar 2025 average rate ran 0.63 points below the national figure. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The I-94 and I-35 corridors tie the Twin Cities distribution base to both coasts and the Canadian border, with Duluth's port adding bulk and project cargo.
For a national view of this asset class, see our trucking and logistics SBA feasibility overview, and read our related analysis in the trucking and logistics lending research on our blog.
Public SBA and CDC program records, cited as program evidence
SBA 504 through Capital CDC
Land purchase and 19,200 square foot facility with 50 jobs relocated, national program evidence
Hutto, Williamson County, Texas
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