| $150,000–350,000 | A & E CONSTRUCTION SUPPLY INC | MANKATO, MN | Frandsen Bank & Trust |
| $150,000–350,000 | A.M.M. LTD. | BURR RIDGE, IL | Frandsen Bank & Trust |
| $150,000–350,000 | A.M.M. LTD. | Burr Ridge, IL | Frandsen Bank & Trust |
| $150,000–350,000 | ADAM F CURTIS P.A. | Cambridge, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ADAM F. CURTIS, P.A. | CAMBRIDGE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ADDCO ACQUISITION LLC | Saint Paul, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ADDCO ACQUISITION, LLC | SAINT PAUL, MN | Frandsen Bank & Trust |
| $350,000–1 million | ADVANCE DESIGN & SYSTEMS LLC | Pine City, MN | Frandsen Bank & Trust |
| $350,000–1 million | ADVANCE DESIGN & SYSTEMS, LLC | PINE CITY, MN | Frandsen Bank & Trust |
| $350,000–1 million | AIRTEX DESIGN GROUP INC. | Minneapolis, MN | Frandsen Bank & Trust |
| $350,000–1 million | AIRTEX DESIGN GROUP, INC. | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | AMERICAN ARTSTONE COMPANY | NEW ULM, MN | Frandsen Bank & Trust |
| $150,000–350,000 | AMERICAN BIRKEBEINER SKI FOUNDATION INC. | Hayward, WI | Frandsen Bank & Trust |
| $150,000–350,000 | AMERICAN BIRKEBEINER SKI FOUNDATION, INC | HAYWARD, WI | Frandsen Bank & Trust |
| $350,000–1 million | AMERICAN GEAR PRODUCTS LLC | Brooklyn Park, MN | Frandsen Bank & Trust |
| $350,000–1 million | AMERICAN GEAR PRODUCTS NORTH AMERICAN GEAR AND FORGE | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | AMERY CHEVROLET, INC. | AMERY, WI | Frandsen Bank & Trust |
| $350,000–1 million | AMI CONSULTING ENGINEERS P.A. | Superior, WI | Frandsen Bank & Trust |
| $350,000–1 million | AMI CONSULTING ENGINEERS, PA | SUPERIOR, WI | Frandsen Bank & Trust |
| $350,000–1 million | ANCONA ESCROW, INC. | WHITE BEAR LAKE, MN | Frandsen Bank & Trust |
| $1–2 million | ANDERSON CUSTOM PROCESSING, INC | LITTLE FALLS, MN | Frandsen Bank & Trust |
| $350,000–1 million | ANDERSON STEEL ERECTION & CRANE SERVICE INC. | Grand Forks, ND | Frandsen Bank & Trust |
| $350,000–1 million | ANDERSON STEEL ERECTION AND CRANE SERVICE, INC. | GRAND FORKS, ND | Frandsen Bank & Trust |
| $350,000–1 million | ANDRY RASMUSSEN & SONS, INC. | CABLE, WI | Frandsen Bank & Trust |
| $150,000–350,000 | ANOCO METAL SERVICES INC. | Princeton, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ANOCO METAL SERVICES, INC | PRINCETON, MN | Frandsen Bank & Trust |
| $150,000–350,000 | APEX ENGINEERING INC. | Eau Claire, WI | Frandsen Bank & Trust |
| $150,000–350,000 | APEX ENGINEERING, INC. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $1–2 million | AQUARIUS WATER CONDITIONING, INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ARCHETYPE INNOVATIONS, LLC | DULUTH, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ARROW AUTO SUPPLY CO., INC. | VIRGINIA, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ASPEN EXTERIORS, INC. | ANOKA, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ASPEN GROVE PROPERTIES, INC. | CHISHOLM, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ASSESSMENT AND THERAPY ASSOCIATES OF GRAND FORKS, PLLC | GRAND FORKS, ND | Frandsen Bank & Trust |
| $150,000–350,000 | ASSOCIATION ONE LLC | CHICAGO, IL | Frandsen Bank & Trust |
| $1–2 million | ASSURANCE MFG. CO. INC. | Minneapolis, MN | Frandsen Bank & Trust |
| $1–2 million | ASSURANCE MFG. CO., INC. | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $350,000–1 million | ATSCOTT MFG INC. | Pine City, MN | Frandsen Bank & Trust |
| $350,000–1 million | ATSCOTT MGF, INC. | PINE CITY, MN | Frandsen Bank & Trust |
| $350,000–1 million | AURELIUS MFG. CO. | BRAHAM, MN | Frandsen Bank & Trust |
| $350,000–1 million | AURELIUS MFG. CO. | Braham, MN | Frandsen Bank & Trust |
| $150,000–350,000 | AUTO BODY PAINT SPECIALISTS INC. | Hayward, WI | Frandsen Bank & Trust |
| $150,000–350,000 | AUTO BODY & PAINT SPECIALISTS, INC. | HAYWARD, WI | Frandsen Bank & Trust |
| $350,000–1 million | B'S HOMECARE, INC. | CAMBRIDGE, MN | Frandsen Bank & Trust |
| $350,000–1 million | BADGER TRUCK REFRIGERATION INC. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $150,000–350,000 | BEEHIVE BOTANICALS INC | HAYWARD, WI | Frandsen Bank & Trust |
| $1–2 million | BESSEMER PLYWOOD CORP. | BESSEMER, MI | Frandsen Bank & Trust |
| $150,000–350,000 | BETTER AIR, INC. | DUNDAS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BILDER APPLIANCE SALES & SERVICE, INC | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BIRD ISLAND SOIL SERVICE CENTER | BIRD ISLAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BLUE LINE LOGISTICS, INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BOB THOMPSON & SONS, INC. | HAYWARD, WI | Frandsen Bank & Trust |
| $150,000–350,000 | BOONYA SYSTEMS LLC | Minneapolis, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BREEN & PERSON LTD | BRAINERD, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BROOKLYN BOULEVARD DENTAL P.A. | Brooklyn Center, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BROOKLYN BOULEVARD DENTAL PA | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | BUTTERFIELD, INC. | HAYWARD, WI | Frandsen Bank & Trust |
| $150,000–350,000 | C & J WASTE HANDLING, LLC | Lafayette, MN | Frandsen Bank & Trust |
| $150,000–350,000 | C & J WASTE HANDLING, LLC | LAFAYETTE, MN | Frandsen Bank & Trust |
| $350,000–1 million | CARIBOU THUNDER LLC | Hayward, WI | Frandsen Bank & Trust |
| $350,000–1 million | CARIBOU THUNDER, LLC | HAYWARD, WI | Frandsen Bank & Trust |
| $2–5 million | CARLSON BUILDING MAINTENANCE, INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | CARLSON INDUSTRIES, INC. | FOREST LAKE, MN | Frandsen Bank & Trust |
| $350,000–1 million | CARSE INC. | White Bear Lake, MN | Frandsen Bank & Trust |
| $350,000–1 million | CARSE INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $1–2 million | CFOC STAFFING, LLC | DULUTH, MN | Frandsen Bank & Trust |
| $1–2 million | CHEQUAMEGON COMMUNICATIONS COOPERATIVE, INC.. | CABLE, WI | Frandsen Bank & Trust |
| $150,000–350,000 | CLAUSON DEALER SERVICES, LLC | FOREST LAKE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | CMS LLC | Grand Forks, ND | Frandsen Bank & Trust |
| $350,000–1 million | COMMERCE DRIVE DENTAL GROUP PLLP | MANKATO, MN | Frandsen Bank & Trust |
| $350,000–1 million | COMMERCE DRIVE DENTAL GROUP PLLP | North Mankato, MN | Frandsen Bank & Trust |
| $150,000–350,000 | COMMONWEAL DEVELOPMENT CORPORATION OF WISCONSIN | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $350,000–1 million | COMMUNITY CONTRACTORS INC | GRAND FORKS, ND | Frandsen Bank & Trust |
| $150,000–350,000 | COMMUNITY HOME HEALTH INC. | PRIOR LAKE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | COMMUNITY HOME HEALTH INC. | Prior Lake, MN | Frandsen Bank & Trust |
| $5–10 million | COMMUNITY MEMORIAL HOSPITAL ASSOCIATION | CLOQUET, MN | Frandsen Bank & Trust |
| $350,000–1 million | COMO OIL COMPANY OF FLORIDA | Palm City, FL | Frandsen Bank & Trust |
| $350,000–1 million | COMO OIL COMPANY OF FLORIDA, INC. | PALM CITY, FL | Frandsen Bank & Trust |
| $150,000–350,000 | COMPLETE COMPANIES, INC. | MANKATO, MN | Frandsen Bank & Trust |
| $350,000–1 million | COURTLAND WASTE HANDLING, INC | COURTLAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | CROW-GOEBEL VETERINARY CLINIC | CLOQUET, MN | Frandsen Bank & Trust |
| $150,000–350,000 | CRYSTAL LAWN INC. | Mankato, MN | Frandsen Bank & Trust |
| $150,000–350,000 | CRYSTAL LAWN, INC. | MANKATO, MN | Frandsen Bank & Trust |
| $350,000–1 million | DAHLSTROM MOTORS, INC | OSLO, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DAKOTA COMMERCIAL & DEVELOPMENT CO. | GRAND FORKS, ND | Frandsen Bank & Trust |
| $150,000–350,000 | DAKOTA FINANCIAL & DEVELOPMENT INC. | Minneapolis, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DAKOTA TRUCK CO. LLC | LAKEVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DEL'S CONSTRUCTION COMPANY, INC. | LE SUEUR, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DELL CONSTRUCTION CO., INC. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $350,000–1 million | DELMAR COMPANY | LAKEVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DESIGNING DREAMS BY LORAMY INC. | SHAKOPEE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DOCK AND DOOR TEC., INC. | ELK RIVER, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DRS. AKRE & CLARK LTD. | New Ulm, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DRS. AKRE & CLARK, LTD. | NEW ULM, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DULUTH PUBLICITY BUREAU INC. | Duluth, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DVGDVM, P.A. | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DWK INC. | Saint Paul, MN | Frandsen Bank & Trust |
| $150,000–350,000 | DWK, INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | EAGLE ELECTRIC OF GRAND FORKS, INC. | EAST GRAND FORKS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | EAGLE MOULDINGS, INC. | LORETTO, MN | Frandsen Bank & Trust |