| $150,000–350,000 | UNITED NOODLES INC | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | UNITED SKIN SPECIALIST LTD, PC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | UNITED SKIN SPECIALISTS MISSOURI LTD, PC | MINNEAPOLIS, MN | Bell Bank |
| $1–2 million | UNITED SKIN SPECIALISTS, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | UNITEDONE HOME HEALTH CARE INC | MINNEAPOLIS, MN | CorTrust Bank National Association |
| $350,000–1 million | UNIVERSAL MEDICAL SERVICES, INC. | MINNEAPOLIS, MN | First Resource Bank |
| $150,000–350,000 | UNIVERSAL NETWORK SOLUTIONS | MINNEAPOLIS, MN | Minnwest Bank |
| $150,000–350,000 | UNIVERSITY LANGUAGE CENTER | MINNEAPOLIS, MN | Gateway Bank |
| $150,000–350,000 | UNLIMITED POTENTIAL IN EDUCATION OF BLAINE, INC | MINNEAPOLIS, MN | BankCherokee |
| $350,000–1 million | UNLIMITED POTENTIAL IN EDUCATION, INC. | MINNEAPOLIS, MN | BankCherokee |
| $150,000–350,000 | UNPARALLELED PARKING, LLC | MINNEAPOLIS, MN | Affinity Plus FCU |
| $150,000–350,000 | UPLAND REAL ESTATE GROUP, INC. | MINNEAPOLIS, MN | Bridgewater Bank |
| $150,000–350,000 | UPLINK STAFFING INC | MINNEAPOLIS, MN | VisionBank |
| $150,000–350,000 | UPNET TECHNOLOGIES | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $2–5 million | UPPER MIDWEST ORGAN PROCUREMENT ORGANIZATION, INC. | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | UPTOWN DERMATOLOGY AND SKIN SPA P.A. | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | UPTOWN DRINK, LLC | MINNEAPOLIS, MN | Crown Bank |
| $150,000–350,000 | UPTOWN OVENS LLC | MINNEAPOLIS, MN | CorTrust Bank National Association |
| $150,000–350,000 | UPTOWN VALET INC | MINNEAPOLIS, MN | Luminate Bank |
| $150,000–350,000 | URBAN HOMEWORKS, INC. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | URBAN LEAGUE TWIN CITIES | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | URBAN VENTURES LEADERSHIP FOUNDATION | MINNEAPOLIS, MN | BMO Bank National Association |
| $350,000–1 million | URBANWORKS ARCHITECTURE LLC | MINNEAPOLIS, MN | 21st Century Bank |
| $150,000–350,000 | UROMEDICA INC. | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | USTA NORTHERN | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | UTEPILS INVESTMENTS, LLC | MINNEAPOLIS, MN | Citizens Community Federal National Association |
| $150,000–350,000 | UTILIMARC, INC. | MINNEAPOLIS, MN | Bell Bank |
| $2–5 million | V&S MIDWEST CARRIERS CORP | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $2–5 million | VAA LLC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | VALTIRA LLC | MINNEAPOLIS, MN | MidWestOne Bank |
| $150,000–350,000 | VAN CLEMENS | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $350,000–1 million | VANSON TECHNOLOGY SERVICES, INC. | MINNEAPOLIS, MN | Bridgewater Bank |
| $350,000–1 million | VARSITY STUDENT PAINTERS INC | MINNEAPOLIS, MN | Park State Bank |
| $350,000–1 million | VELAIR PROPERTY MANAGEMENT | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $150,000–350,000 | VENTILATION SPECIALTIES GROUP INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VENTURA ESOP FIDUCIARY SERVICES LLC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | VENTURE MORTGAGE CORPORATION | MINNEAPOLIS, MN | MidCountry Bank |
| $350,000–1 million | VERATA HEALTH | MINNEAPOLIS, MN | Vibrant Credit Union |
| $150,000–350,000 | VERSAILLES EXPORT IMPORT INC | MINNEAPOLIS, MN | Bridgewater Bank |
| $2–5 million | VERSIQUE INC | MINNEAPOLIS, MN | Platinum Bank |
| $350,000–1 million | VERUM STAFFING, LLC | MINNEAPOLIS, MN | Bell Bank |
| $1–2 million | VETRAS HEALTHCARE, LLC | MINNEAPOLIS, MN | First Western Trust Bank |
| $350,000–1 million | VICTORY AUTOMOTIVE SERVICE | MINNEAPOLIS, MN | MidCountry Bank |
| $150,000–350,000 | VICTORY THROUGH FAITH RECOVERY SERVICES | MINNEAPOLIS, MN | Minnesota Lakes Bank |
| $150,000–350,000 | VIEW RESTAURANT & LOUNGE | MINNEAPOLIS, MN | Bridgewater Bank |
| $1–2 million | VIGILANZ CORPORATION | MINNEAPOLIS, MN | BMO Bank National Association |
| $150,000–350,000 | VIKSNINS HARRIS PADYS MALEN LLP | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | VILLAGE FLOOR & WALL, INC. | MINNEAPOLIS, MN | Falcon National Bank |
| $350,000–1 million | VINOCOPIA, INC | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | VINYL ART, INC. | MINNEAPOLIS, MN | Scale Bank |
| $350,000–1 million | VISION WOODWORKING, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | VISTA PRAIRIE AT FIELDCREST, LLC | MINNEAPOLIS, MN | Old National Bank |
| $350,000–1 million | VISTA PRAIRIE AT GARNETTE GARDENS, LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VISTA PRAIRIE AT MONARCH MEADOWS, LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VISTA PRAIRIE AT RIVER HEIGHTS, LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VISTA PRAIRIE COMMUNITIES | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VISUAL IMPACT, LLC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | VISUMM MEDIA INC | MINNEAPOLIS, MN | Wells Fargo Bank, National Association |
| $350,000–1 million | VITAL WORKLIFE INC. | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $2–5 million | VITREORETINAL SURGERY, P.A. | MINNEAPOLIS, MN | Bell Bank |
| $150,000–350,000 | VMI LLC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VOCALESSENCE | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $350,000–1 million | VOCATIONAL RESTORATION SERVICES, INC. | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | VOLCO COMPANY | MINNEAPOLIS, MN | Associated Bank, National Association |
| $150,000–350,000 | VOLKART MAY ASSOCIATES, INC. | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VOLT STUDIOS, INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | VOLTA LOGISTICS INC | MINNEAPOLIS, MN | Deerwood Bank |
| $150,000–350,000 | VOLTZ, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | VOLUNTEER LAWYERS NETWORK LTD | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $350,000–1 million | VOLUNTEERS OF AMERICA OF WISCONSIN, INC. | MINNEAPOLIS, MN | Northeast Bank |
| $350,000–1 million | VOSON PLUMBING INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | VROOMAN CARPET, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | VUJOVICH DESIGN-BUILD, INC. | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | W. D. FORBES COMPANY INC. | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $150,000–350,000 | W.B. BUILDERS LLC | MINNEAPOLIS, MN | Bridgewater Bank |
| $150,000–350,000 | W.N. CARDOZO FURNITURE COMPANY | MINNEAPOLIS, MN | Union Bank and Trust Company |
| $150,000–350,000 | WAGAMON BROTHERS INC | MINNEAPOLIS, MN | Village Bank |
| $350,000–1 million | WAGNER, FALCONER & JUDD,LTD. | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | WALCRO INC | MINNEAPOLIS, MN | CIBC Bank USA |
| $150,000–350,000 | WALDECK LAW FIRM P.A. | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | WALKER & WALKER LAW OFFICES, PLLC | MINNEAPOLIS, MN | Granite Bank |
| $1–2 million | WALKER ART CENTER | MINNEAPOLIS, MN | BMO Bank National Association |
| $350,000–1 million | WALKER RESIDENCE INC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | WALSER B P G, LLC | MINNEAPOLIS, MN | First Resource Bank |
| $1–2 million | WALSER BLOOMINGTON VEHICLE SALES, LLC | MINNEAPOLIS, MN | First Resource Bank |
| $350,000–1 million | WALSER HY, LLC | MINNEAPOLIS, MN | First Resource Bank |
| $350,000–1 million | WALSER N2, LLC | MINNEAPOLIS, MN | First Resource Bank |
| $350,000–1 million | WALSER WICHITA BM LLC | MINNEAPOLIS, MN | Bank of America, National Association |
| $1–2 million | WALTERS RECYCLING & REFUSE INC | MINNEAPOLIS, MN | MidWestOne Bank |
| $1–2 million | WARNER MANUFACTURING COMPANY | MINNEAPOLIS, MN | Citizens Alliance Bank |
| $2–5 million | WARNING LITES OF MINNESOTA, INC. | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | WASH SYSTEMS, LLC | MINNEAPOLIS, MN | Alliance Bank |
| $2–5 million | WASHBURN CENTER FOR CHILDREN | MINNEAPOLIS, MN | Choice Financial Group |
| $1–2 million | WASHBURN MCREAVY FUNERAL CHAPELS, INC. | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | WATER HEATERS ONLY, LLC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | WATERSHED PARTNERS INC. | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $150,000–350,000 | WATERSHED PARTNERS, INC. | MINNEAPOLIS, MN | Minnesota Bank and Trust, A Division of HTLF Bank |
| $150,000–350,000 | WATSON DEVELOPMENT, LLC | MINNEAPOLIS, MN | Sunrise Banks National Association |
| $150,000–350,000 | WAY TO GROW | MINNEAPOLIS, MN | BMO Bank National Association |
| $350,000–1 million | WAYMORE TRANSPORTATION INC. | MINNEAPOLIS, MN | Border Bank |