| $2–5 million | RENDEZVOUS INVESTMENTS, INC | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | REP COMMERCE INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $150,000–350,000 | REPCO INCORPORATED | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $350,000–1 million | REPNET INC | MINNEAPOLIS, MN | Minnwest Bank |
| $350,000–1 million | REPRISE BIOMEDICAL, INC. | MINNEAPOLIS, MN | Park State Bank |
| $1–2 million | RESOLUTION MEDICAL, LLC | MINNEAPOLIS, MN | Platinum Bank |
| $350,000–1 million | RESTART INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | RESTAURANT 232 LLC | MINNEAPOLIS, MN | First State Bank and Trust |
| $350,000–1 million | RESTORATION BEHAVIORAL HEALTH GROUP HOLDINGS LLC | MINNEAPOLIS, MN | Enterprise Bank & Trust |
| $2–5 million | RETAIL MERCHANDISING SERVICES INCORPORATED | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $350,000–1 million | RETINA CENTER PA | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | RETIRE YOUNG INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | REVE CONSULTING, LLC | MINNEAPOLIS, MN | Highland Bank |
| $350,000–1 million | REVO BRAND GROUP, LLC | MINNEAPOLIS, MN | BMO Bank National Association |
| $2–5 million | REVO HEALTH, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RICHARD P BUTWINICK | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | RICHCRAF ENTERPRISES INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | RICHFIELD EVANGELICAL LUTHERAN CHURCH | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | RICHFIELD LATCH KEY CHILD CARE CENTER INC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | RICHFIELD LODGING GROUP LLC | MINNEAPOLIS, MN | CorTrust Bank National Association |
| $150,000–350,000 | RICHFIELD MEDICAL GROUP, LTD. | MINNEAPOLIS, MN | BankCherokee |
| $150,000–350,000 | RICHFIELD UNITED METHODIST CHURCH OF MINNEAPOLIS | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | RIDGES ANESTHESIOLOGY PA | MINNEAPOLIS, MN | HomeTown Bank |
| $1–2 million | RIDLER HEATING & COOLING, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RIGHT TURN RECRUITING, INC. | MINNEAPOLIS, MN | Merchants Bank, National Association |
| $350,000–1 million | RILEY HAYES ADVERTISING, INC. | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $150,000–350,000 | RISE AND SHINE AND PARTNERS LLC | MINNEAPOLIS, MN | Nicolet National Bank |
| $350,000–1 million | RISE MODULAR, LLC | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | RISEN CHRIST CATHOLIC SCHOOL | MINNEAPOLIS, MN | Premier Bank |
| $150,000–350,000 | RIVERTON COMMUNITY HOUSING | MINNEAPOLIS, MN | Bridgewater Bank |
| $2–5 million | RJM CONSTRUCTION LLC | MINNEAPOLIS, MN | Platinum Bank |
| $150,000–350,000 | RJM PRINTING, INC. | MINNEAPOLIS, MN | Scale Bank |
| $150,000–350,000 | RM MANAGEMENT L. L. C. | MINNEAPOLIS, MN | Minnwest Bank |
| $350,000–1 million | RMR SERVICES, LLC | MINNEAPOLIS, MN | Citizens Bank & Trust Co |
| $350,000–1 million | ROBERT B HILL CO | MINNEAPOLIS, MN | Vibrant Credit Union |
| $150,000–350,000 | ROBERT WILSON & ASSOCIATES P.A. | MINNEAPOLIS, MN | Granite Bank |
| $150,000–350,000 | ROBICHAUD, SCHROEPFER & CORREIA, P.A. | MINNEAPOLIS, MN | Newtek Small Business Finance, Inc. |
| $5–10 million | ROBINS KAPLAN LLP | MINNEAPOLIS, MN | Stearns Bank National Association |
| $350,000–1 million | ROBINSON RUBBER PRODUCTS CO INC | MINNEAPOLIS, MN | Vibrant Credit Union |
| $150,000–350,000 | ROCA RESTAURANT GROUP LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | ROCHESTER HOME CARE LLC | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $350,000–1 million | ROCKET 55 LLC | MINNEAPOLIS, MN | Bridgewater Bank |
| $350,000–1 million | ROCKET CRANE SERVICE INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | ROHLIK FINANCIAL GROUP LLC | MINNEAPOLIS, MN | Bridgewater Bank |
| $150,000–350,000 | RON SCHARA ENTERPRISES LLC | MINNEAPOLIS, MN | Star Bank |
| $350,000–1 million | RON-VIK, INC | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | RONALD EAGLES INC | MINNEAPOLIS, MN | Northeast Bank |
| $350,000–1 million | RONALD MCDONALD HOUSE CHARITIES - UPPER MIDWEST | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | RONCOR CONSTRUCTION, INC. | MINNEAPOLIS, MN | Itria Ventures LLC |
| $150,000–350,000 | ROOFERS MART INC | MINNEAPOLIS, MN | Citizens Independent Bank |
| $350,000–1 million | ROSEMOUNT SENIOR LIVING OPERATIONS | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $150,000–350,000 | ROSENQUIST CONSTRUCTION INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | ROSPECTR MARKETING INC | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | ROSS SPORTSWEAR,INC | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | ROTATION ENGINEERING AND MANUFACTURING C | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | ROUNDPEG CONSULTING, LLC | MINNEAPOLIS, MN | Old National Bank |
| $350,000–1 million | ROUZER SALES CO., INC. | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | ROY KRENGEL DDS, PA | MINNEAPOLIS, MN | American National Bank |
| $350,000–1 million | ROYAL BUSINESS FORMS & PRINTING, INC. | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $150,000–350,000 | ROYAL SALES, INC | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $1–2 million | RS EDEN | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $5–10 million | RSP ARCHITECTS, LTD. | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | RUNNING ROOM (U.S.A.), INC. | MINNEAPOLIS, MN | Bank of Hawaii |
| $350,000–1 million | RUPP, ANDERSON, SQUIRES & WALDSPURGER, P.A. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | RUSCIANO GROUP INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | RUSSEL WILLIAMS HOME SERVICES LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | RUSSELL AND HERDER, INC. | MINNEAPOLIS, MN | American National Bank |
| $150,000–350,000 | RUSSELL HERDER GBC | MINNEAPOLIS, MN | American National Bank |
| $150,000–350,000 | RUSSELL-HARRIS ENTERPRISES, INC. | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | RUSTICA, LLC | MINNEAPOLIS, MN | Tradition Capital Bank |
| $150,000–350,000 | RYAN COMPANY | MINNEAPOLIS, MN | Tradition Capital Bank |
| $150,000–350,000 | RYPEN.COM INC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | S & T LAWN SERVICE OF BLOOMING | MINNEAPOLIS, MN | Minnwest Bank |
| $150,000–350,000 | S&D TILE | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $150,000–350,000 | S&K MC INC | MINNEAPOLIS, MN | Old National Bank |
| $350,000–1 million | S&Y BEMIDJI, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | S.M. OSGOOD COMPANY | MINNEAPOLIS, MN | Scale Bank |
| $1–2 million | SA HOSPITALITY MANAGEMENT LLC | MINNEAPOLIS, MN | Minnwest Bank |
| $2–5 million | SABRE PLUMBING, HEATING AND AIR CONDITIONING, INC. | MINNEAPOLIS, MN | Farmers & Merchants Savings Bank |
| $150,000–350,000 | SABRE PLUMBING, HEATING AND AIR CONDITIONING, LLC | MINNEAPOLIS, MN | Farmers & Merchants Savings Bank |
| $150,000–350,000 | SACRE BLEU ENTERPRISES, LLC | MINNEAPOLIS, MN | Lakeview Bank |
| $150,000–350,000 | SAFETY CENTER INCORPORATED | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $350,000–1 million | SAHAL HOME CARE INC | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | SAINT JOHN'S EVANGELICAL LUTHERAN CHURCH | MINNEAPOLIS, MN | PrinsBank |
| $150,000–350,000 | SAINT MARK'S EPISCOPAL CATHEDRAL | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | SAINT SABRINA'S PARLOR IN PURGATORY, INC. | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | SALA ARCHITECTS INC | MINNEAPOLIS, MN | City & County CU |
| $5–10 million | SALO, LLC | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | SALT SOURCE LLC | MINNEAPOLIS, MN | Merchants Bank, National Association |
| $350,000–1 million | SALTZMAN ENTERPRISES, INC | MINNEAPOLIS, MN | Highland Bank |
| $350,000–1 million | SALUT GRAND AVENUE | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $2–5 million | SATELLITE SHELTERS, INC. | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $1–2 million | SAV TRANSPORTATION GROUP INC. | MINNEAPOLIS, MN | Union Bank and Trust Company |
| $150,000–350,000 | SAVIK HUNTER INC | MINNEAPOLIS, MN | Tradition Capital Bank |
| $350,000–1 million | SAWTOOTH SOLUTIONS, LLC | MINNEAPOLIS, MN | Tradition Capital Bank |
| $150,000–350,000 | SAYLER HEATING & AIR CONDITIONING, INC. | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | SCALE LOGIC, INC. | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $1–2 million | SCALZO HOSPITALITY INC. | MINNEAPOLIS, MN | Village Bank |
| $150,000–350,000 | SCENIC GROUNDS MAINTENANCE LLC | MINNEAPOLIS, MN | Border Bank |
| $150,000–350,000 | SCENIC OUTDOOR SERVICES, LLC | MINNEAPOLIS, MN | Bell Bank |