| $1–2 million | M.R. PAVING AND EXCAVATING, INC. | NEW ULM, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MALONE GOLF INC. | Jordan, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MALONE GOLF, INC. | JORDAN, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MAPLEWOOD PEDIATRIC DENTISTRY PLLC | SAINT PAUL, MN | Frandsen Bank & Trust |
| $5–10 million | MARKET & JOHNSON INC. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $350,000–1 million | MATT SAXE CHEVROLET-BUICK, INC. | BELLE PLAINE, MN | Frandsen Bank & Trust |
| $350,000–1 million | MEDICAL X-RAY CONSULTANTS, LTD. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $150,000–350,000 | MEGA STOP INC. | Lakeville, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MEGA STOP, INC. | LAKEVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | METRO FIRST CALL L.L.C. | SAVAGE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | METROSPEC TECHNOLOGY LLC | Saint Paul, MN | Frandsen Bank & Trust |
| $350,000–1 million | MIDWEST SLEEP LLC | TOLEDO, IA | Frandsen Bank & Trust |
| $1–2 million | MILLER SELLNER IMPLEMENT, INC. | SLEEPY EYE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MILLERSBERG CONSTRUCTION LLX | NORTHFIELD, MN | Frandsen Bank & Trust |
| $350,000–1 million | MINNESOTA MILLWORK AND FIXTURES LLC | LONSDALE, MN | Frandsen Bank & Trust |
| $350,000–1 million | MINNESOTA MILWORK & FIXTURES LLC | Lonsdale, MN | Frandsen Bank & Trust |
| $150,000–350,000 | MINNESOTA VALLEY PET HOSPITAL PA | MANKATO, MN | Frandsen Bank & Trust |
| $350,000–1 million | MONSTER GAMES INC. | Northfield, MN | Frandsen Bank & Trust |
| $350,000–1 million | MONSTER GAMES, INC. | NORTHFIELD, MN | Frandsen Bank & Trust |
| $1–2 million | MOONDANCE HOLDINGS INC. | Long Lake, MN | Frandsen Bank & Trust |
| $1–2 million | MOONDANCE HOLDINGS INC. | LONG LAKE, MN | Frandsen Bank & Trust |
| $350,000–1 million | MYLES LORENTZ, INC. | SAINT PETER, MN | Frandsen Bank & Trust |
| $350,000–1 million | NATIONAL QUALITY INSPECTIONS, INC. | BOZEMAN, MT | Frandsen Bank & Trust |
| $150,000–350,000 | NATIONAL RENEWABLE SOLUTIONS, LLC | MINNETONKA, MN | Frandsen Bank & Trust |
| $350,000–1 million | NDBC ADMINISTRATIVE SERVICE, LLC | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $350,000–1 million | NDBC ADMINISTRATIVE SERVICES LLC | Edina, MN | Frandsen Bank & Trust |
| $2–5 million | NEI ELECTRIC INC | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NELSON WILLIAMS LININGS, INC. | MOUNTAIN IRON, MN | Frandsen Bank & Trust |
| $350,000–1 million | NEW KINGDOM PEDIATRICS LLC | Eden Prairie, MN | Frandsen Bank & Trust |
| $350,000–1 million | NEW KINGDOM PEDIATRICS, LLC | EDEN PRAIRIE, MN | Frandsen Bank & Trust |
| $350,000–1 million | NMS VENTURES LLC | South Saint Paul, MN | Frandsen Bank & Trust |
| $350,000–1 million | NMS VENTURES, LLC | SOUTH SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORDIC UNDERWATER SERVICES INC. | Carlton, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORDIC UNDERWATER SERVICES, INC. | DULUTH, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORTH COUNTRY MARKETING LTD | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORTH STAR CAMP FOR BOYS, INC. | HAYWARD, WI | Frandsen Bank & Trust |
| $350,000–1 million | NORTHEAST YOUTH & FAMILY SERVICES | Shoreview, MN | Frandsen Bank & Trust |
| $350,000–1 million | NORTHEAST YOUTH AND FAMILY SERVICES | SAINT PAUL, MN | Frandsen Bank & Trust |
| $350,000–1 million | NORTHERN ENGINE & SUPPLY CO. | DULUTH, MN | Frandsen Bank & Trust |
| $350,000–1 million | NORTHERN ENGINE & SUPPLY CO. | Duluth, MN | Frandsen Bank & Trust |
| $350,000–1 million | NORTHERN GOPHER ENTERPRISES INC. | Lakeville, MN | Frandsen Bank & Trust |
| $350,000–1 million | NORTHERN GOPHER ENTERPRISES, INC. | LAKEVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHLAND FOODS OF MINNESOTA INC. | Poplar, WI | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHLAND FOODS OF MINNESOTA, INC. | POPLAR, WI | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHLAND MACHINE INC. | Grand Rapids, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHLAND MACHINE, INC. | GRAND RAPIDS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHWOODS BDA GROUP LLC | Stevens Point, WI | Frandsen Bank & Trust |
| $150,000–350,000 | NORTHWOODS BDA GROUP LLC | STEVENS POINT, WI | Frandsen Bank & Trust |
| $150,000–350,000 | NORVANZ INC. | ALBERTVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | NOSBUSH DAIRY, LLP | FAIRFAX, MN | Frandsen Bank & Trust |
| $150,000–350,000 | OAB GREENBAY HOTEL LLC | Green Bay, WI | Frandsen Bank & Trust |
| $150,000–350,000 | OAB ONALASKA HOTEL LLC | Onalaska, WI | Frandsen Bank & Trust |
| $2–5 million | OAKLEAF CLINICS, INC. | EAU CLAIRE, WI | Frandsen Bank & Trust |
| $150,000–350,000 | OCI HIGHLANDS RANCH LLC | Highlands Ranch, CO | Frandsen Bank & Trust |
| $150,000–350,000 | ODYSSEY ENTERPRISES LLC | Maple Grove, MN | Frandsen Bank & Trust |
| $350,000–1 million | OPEN DOOR HEALTH CENTER | MANKATO, MN | Frandsen Bank & Trust |
| $2–5 million | ORTONVILLE AREA HEALTH SERVICES | ORTONVILLE, MN | Frandsen Bank & Trust |
| $1–2 million | PAAPE DISTRIBUTING COMPANY | MANKATO, MN | Frandsen Bank & Trust |
| $1–2 million | PAAPE DISTRIBUTING COMPANY | Mankato, MN | Frandsen Bank & Trust |
| $350,000–1 million | PALUBICKI'S, INC. | FOSSTON, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PAT HOLMES ENTERPRISE INC | MANKATO, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PAT HOLMES ENTERPRISES INC. | New Ulm, MN | Frandsen Bank & Trust |
| $350,000–1 million | PATZOLDT CONCRETE & MASONRY L.L.C. | PINE CITY, MN | Frandsen Bank & Trust |
| $350,000–1 million | PATZOLDT CONCRETE & MASONRY L.L.C. | Pine City, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PAULSON BROS. PROPERTIES, LLC (EPC); PAULSON BROS. WOODWORX, | SAVAGE, MN | Frandsen Bank & Trust |
| $5–10 million | PDG, PA | SAINT PAUL, MN | Frandsen Bank & Trust |
| $350,000–1 million | PDR ADMINISTRATIVE SERVICES INC. | Edina, MN | Frandsen Bank & Trust |
| $1–2 million | PDR ADMINISTRATIVE SERVICES, INC. | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PINECONE VISION CENTER P.A. | Sartell, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PIRAGIS NORTHWOODS COMPANY | ELY, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PRAIRIE DENTAL CENTERS P.A. | Ada, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PRAIRIE DENTAL CENTERS, P.A. | ADA, MN | Frandsen Bank & Trust |
| $350,000–1 million | PRECISION HARDSCAPES, INC. | BRAHAM, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PREFER PAVING, INC. | RUSH CITY, MN | Frandsen Bank & Trust |
| $1–2 million | PROGRESSIVE BUILDING SYSTEMS LTD. | Saint Michael, MN | Frandsen Bank & Trust |
| $1–2 million | PROGRESSIVE BUILDING SYSTEMS, LTD. | SAINT MICHAEL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | R & J BROADCASTING, INC. | ADA, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RADERMACHER FOODS OF LE SUEUR, INC. | LE SUEUR, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RADERMACHER FOODS, INC. | JORDAN, MN | Frandsen Bank & Trust |
| $1–2 million | RANGE MENTAL HEALTH CENTER INC. | Virginia, MN | Frandsen Bank & Trust |
| $1–2 million | RANGE MENTAL HEALTH CENTER, INC. | VIRGINIA, MN | Frandsen Bank & Trust |
| $350,000–1 million | RAY RIIHILUOMA, INC. | CLOQUET, MN | Frandsen Bank & Trust |
| $350,000–1 million | RAYVEN, INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RAZOR EDGE SYSTEMS, INC. | ELY, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RENVILLE COUNTY COMMUNITY RESIDENCE INC. | BIRD ISLAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RESTORATION SERVICES OF MINNES | ASKOV, MN | Frandsen Bank & Trust |
| $350,000–1 million | RINK-TEC INTERNATIONAL INC. | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RIVER CITY BUILDERS & MILLWORKS INC. | Nerstrand, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RIVER CITY BUILDERS & MILLWORKS, INC. | NERSTRAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | ROBERT W. ANDERSON O.D. AND ANTHONY M. MCDONALD O.D. LTD. | LAKEVILLE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RON'S PLUMBING HVAC & ELECTRIC INC. | WELLS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RON'S PLUMBING HVAC & ELECTRIC INC. | Wells, MN | Frandsen Bank & Trust |
| $150,000–350,000 | RTS ROOFING, INC. | ALTOONA, WI | Frandsen Bank & Trust |
| $1–2 million | RURAL COMPUTER CONSULTANTS, INC. | BIRD ISLAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | S & S MOTORS, INC. | COURTLAND, MN | Frandsen Bank & Trust |
| $150,000–350,000 | SAGINAW POWER & AUTOMATION LLC | SAGINAW, MN | Frandsen Bank & Trust |
| $1–2 million | SCHAFFER SPECIALTY WELDING INC. | Milltown, WI | Frandsen Bank & Trust |
| $1–2 million | SCHAFFER SPECIALTY WELDING, INC. | MILLTOWN, WI | Frandsen Bank & Trust |
| $150,000–350,000 | SCHMID & SON PACKAGING, INC. | COTTAGE GROVE, MN | Frandsen Bank & Trust |
| $150,000–350,000 | SCHOOL SPACE MEDIA, LLC | SAINT PAUL, MN | Frandsen Bank & Trust |