| $350,000–1 million | SMITH FOUNDRY COMPANY | MINNEAPOLIS, MN | Sterling State Bank |
| $150,000–350,000 | SMITH JADIN JOHNSON PLLC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | SMITH, GENDLER, SHIELL, SHEFF, FORD & MAHER, PA | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | SMOKEHOUSE BREWPUB LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | SMOKELESS SMOKING, INC. | MINNEAPOLIS, MN | Centerstone SBA Lending, Inc. |
| $150,000–350,000 | SNACK BAR, LLC | MINNEAPOLIS, MN | Park State Bank |
| $350,000–1 million | SNAP AGENCY, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $350,000–1 million | SNOW KREILICH ARCHITECTS, INC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | SO GOOD BRAND, INC. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | SOCIABLE CIDER WERKS, LLC | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | SOCIAL MEDIA CONSULTING, LLC | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | SOFTCRYLIC LLC | MINNEAPOLIS, MN | City National Bank |
| $150,000–350,000 | SOFTWARE BUSINESS SYSTEMS, INC. | MINNEAPOLIS, MN | ProGrowth Bank |
| $150,000–350,000 | SOFTWARE FOR GOOD, GBC | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $350,000–1 million | SOIGNE HOSPITALITY LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | SOJOURNER TRUTH ACADEMY OF MINNEAPOLIS | MINNEAPOLIS, MN | Northeast Bank |
| $350,000–1 million | SOL SISTERS INC. | MINNEAPOLIS, MN | Crown Bank |
| $150,000–350,000 | SOLHEM, LLC | MINNEAPOLIS, MN | Pioneer Bank |
| $2–5 million | SOLUTION DESIGN GROUP INC | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | SOLVE BRANDING LLC | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $350,000–1 million | SOUL BROTHERS LLC | MINNEAPOLIS, MN | Citizens Independent Bank |
| $150,000–350,000 | SOUND 80 LTD | MINNEAPOLIS, MN | VisionBank |
| $150,000–350,000 | SOUTH LYNDALE LIQUORS INC | MINNEAPOLIS, MN | MidCountry Bank |
| $150,000–350,000 | SOUTH VALLEY ANESTHESIA PA | MINNEAPOLIS, MN | HomeTown Bank |
| $350,000–1 million | SOUTHDALE DENTAL CENTER PA | MINNEAPOLIS, MN | Gateway Bank |
| $2–5 million | SOUTHDALE PEDIATRIC ASSOCIATES, LTD. | MINNEAPOLIS, MN | Scale Bank |
| $1–2 million | SOUTHSIDE COMMUNITY HEALTH SERVICES, INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | SOUTHSIDE FAMILY CHARTER SCHOOL | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | SOUTHSIDE FAMILY NUTURING CENTER | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | SOUTHWEST JOURNAL INC. | MINNEAPOLIS, MN | Scale Bank |
| $150,000–350,000 | SPACE - CRAFTING, INC. | MINNEAPOLIS, MN | Old National Bank |
| $2–5 million | SPACE150, INC | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | SPECIAL OLYMPICS MINNESOTA | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $1–2 million | SPECIALTY STAFFING GROUP LLC | MINNEAPOLIS, MN | Platinum Bank |
| $350,000–1 million | SPECIES360 | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | SPECTRUM PROPERTY MANAGEMENT COMPANY INC | MINNEAPOLIS, MN | Deerwood Bank |
| $150,000–350,000 | SPECTRUM SCREEN PRINTING, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | SPECTRUM SIGN SYSTEMS, INC. | MINNEAPOLIS, MN | First Resource Bank |
| $150,000–350,000 | SPERIDES REINERS ARCHITECTS INC | MINNEAPOLIS, MN | Highland Bank |
| $350,000–1 million | SPIGARELLI COMPANIES | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | SPLITSVILLE, INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | SPORTS STAR PHOTOGRAPHY INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | SPORTSHUB GAMES NETWORK INC | MINNEAPOLIS, MN | Citizens Community Federal National Association |
| $150,000–350,000 | SPRING LAKE PARK LUMBER CO. | MINNEAPOLIS, MN | Frandsen Bank & Trust |
| $150,000–350,000 | SPRING POINT PROJECT | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $150,000–350,000 | SPRUCE COMPANY | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $150,000–350,000 | SPYEGLASS, LLC | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | SPYHOUSE COFFEE ROASTING CO | MINNEAPOLIS, MN | Crown Bank |
| $5–10 million | SRF CONSULTING GROUP, INC. | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $350,000–1 million | ST PHILIP THE DEACON LUTHERAN CHURCH | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | ST. ANTHONY MOBIL, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | ST. PETER'S EVANGELICAL LUTHERAN CHURCH OF EDINA, HENEPIN CO | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | ST. STEPHEN EVANGELICAL LUTHERAN CHURCH | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | ST. STEPHEN'S HUMAN SERVICES, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | STAFFORD HOME SERVICES INC. | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | STAHL CONSTRUCTION COMPANY | MINNEAPOLIS, MN | Scale Bank |
| $1–2 million | STANDARD HEATING & AIR CONDITIONING, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $350,000–1 million | STANTON PUBLICATION SERVICES, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $1–2 million | STAR EXHIBITS & ENVIRONMENTS, INC. | MINNEAPOLIS, MN | Union Bank and Trust Company |
| $350,000–1 million | STAR HOME HEALTH CARE INC | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | STAR HOME HEALTHCARE INC | MINNEAPOLIS, MN | Intuit Financing Inc. |
| $150,000–350,000 | STARDUST LANES, INC. | MINNEAPOLIS, MN | First Minnetonka City Bank |
| $350,000–1 million | STARKEY HEARING FOUNDATION | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | STATE-EASE, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | STATES MANUFACTURING CORPORATION | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $150,000–350,000 | STATEWIDE LIMITED ENERGY JATC TRUST | MINNEAPOLIS, MN | Building Trades FCU |
| $150,000–350,000 | STATION 19 ARCHITECTS INC | MINNEAPOLIS, MN | BankCherokee |
| $350,000–1 million | STEEN ENGINEERING, INC. | MINNEAPOLIS, MN | Scale Bank |
| $150,000–350,000 | STEIL'S BUILDING RENOVATION AND MANAGEMENT INC | MINNEAPOLIS, MN | Granite Bank |
| $1–2 million | STEIN INDUSTRIES, INC. | MINNEAPOLIS, MN | BMO Bank National Association |
| $1–2 million | STEINWALL, INCORPORATED | MINNEAPOLIS, MN | The Bank of Elk River |
| $350,000–1 million | STEPHEN P DONNELLY COMPANY INC | MINNEAPOLIS, MN | Alliance Bank |
| $150,000–350,000 | STERILUCENT, INC. | MINNEAPOLIS, MN | Northeast Bank |
| $150,000–350,000 | STERLING WIRE & CABLE LLC | MINNEAPOLIS, MN | Old National Bank |
| $2–5 million | STEVEN SCOTT MANAGEMENT, INC. | MINNEAPOLIS, MN | Bridgewater Bank |
| $150,000–350,000 | STEVENS COMMUNITY ASSOCIATES LIMITED PARTNERSHIP | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | STICH, ANGELL, KREIDLER & UNKE, P.A. | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | STICKNEY HILL DAIRY, LLC | MINNEAPOLIS, MN | BNC National Bank |
| $2–5 million | STIX HOLDINGS LLC | MINNEAPOLIS, MN | City National Bank of Florida |
| $150,000–350,000 | STONE ARCH COMMODITIES LLC | MINNEAPOLIS, MN | ProGrowth Bank |
| $350,000–1 million | STONE SOURCE, INC. | MINNEAPOLIS, MN | First Western Bank & Trust |
| $350,000–1 million | STONEARCH LOGISTICS, LLC | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | STONEBRIDGE WORLD SCHOOL | MINNEAPOLIS, MN | American National Bank |
| $150,000–350,000 | STORLIE FURNITURE DISTRIBUTORS, LLC | MINNEAPOLIS, MN | CIBC Bank USA |
| $150,000–350,000 | STORYTELLER MEDIA AND COMMUNICATIONS, LLC | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $150,000–350,000 | STRAIGHT LINE THEORY, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | STRATEGICSOURCE, INC. | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | STRAUB DESIGN COMPANY | MINNEAPOLIS, MN | BMO Bank National Association |
| $350,000–1 million | STREET FACTORY MEDIA | MINNEAPOLIS, MN | BMO Bank National Association |
| $350,000–1 million | STREICHER'S, INC. | MINNEAPOLIS, MN | 21st Century Bank |
| $150,000–350,000 | STRONG CONVERTING FACILITIES INC | MINNEAPOLIS, MN | Sterling State Bank |
| $150,000–350,000 | STROTHER COMMUNICATIONS GROUP INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $1–2 million | STS TEMPS, INC | MINNEAPOLIS, MN | Crown Bank |
| $2–5 million | STUART CO | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $150,000–350,000 | STUDIO BV, LLC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | STUDIO M INTERIORS,LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | STUDIO M LLC | MINNEAPOLIS, MN | Old National Bank |
| $1–2 million | STYLMARK, INC. | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | STYROTECH INC | MINNEAPOLIS, MN | MidWestOne Bank |
| $1–2 million | SUCCESS COMPUTER CONSULTING | MINNEAPOLIS, MN | Scale Bank |