| $1–2 million | PROVIDENCE ACADEMY | MINNEAPOLIS, MN | CorTrust Bank National Association |
| $150,000–350,000 | PROVOST BUILDING & EVENT SERVICES, INC. | MINNEAPOLIS, MN | City & County CU |
| $150,000–350,000 | PRYES BREWING COMPANY LLC | MINNEAPOLIS, MN | BankVista |
| $150,000–350,000 | PUBLIC AFFAIRS COMPANY INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $150,000–350,000 | PUBLIC WORKS LLC | MINNEAPOLIS, MN | Bridgewater Bank |
| $1–2 million | PUBLISHING HOUSE OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $150,000–350,000 | PULLTABS PLUS, INC | MINNEAPOLIS, MN | Vibrant CU |
| $350,000–1 million | PULSE OUTREACH | MINNEAPOLIS, MN | Tradition Capital Bank |
| $150,000–350,000 | PUNCH THROUGH DESIGN LLC | MINNEAPOLIS, MN | VisionBank |
| $150,000–350,000 | QDA SOLUTIONS INC. | MINNEAPOLIS, MN | BMO Harris Bank National Association |
| $350,000–1 million | QORAXEY HOME CARE INC | MINNEAPOLIS, MN | Itria Ventures LLC |
| $350,000–1 million | QUALITY ASSURED LABEL INC. | MINNEAPOLIS, MN | Fidelity Bank |
| $350,000–1 million | QUALITY BUSINESS SOLUTIONS (QBS), INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | QUALITY CUTTING & CORING INC | MINNEAPOLIS, MN | Old National Bank |
| $2–5 million | QUALITY DRYWALL MIDWEST, INC. | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | QUALITY INSULATION INC | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | QUALITY NURSE ANESTHESIA PROFESSIONALS, PC | MINNEAPOLIS, MN | First Western Bank & Trust |
| $350,000–1 million | QUALITY REFRIGERATION OF SAVAGE, INC. | MINNEAPOLIS, MN | American National Bank |
| $150,000–350,000 | QUALITY TRANSFER AND STORAGE INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $150,000–350,000 | QUANG ORIENTAL PASTRY & DELI, INC. | MINNEAPOLIS, MN | Sunrise Banks, National Association |
| $350,000–1 million | QUANTRONIC CORPORATION | MINNEAPOLIS, MN | Citizens Independent Bank |
| $150,000–350,000 | QUANTUM LABS INC | MINNEAPOLIS, MN | Old National Bank |
| $2–5 million | QUARTO PUBLISHING GROUP USA INC. | MINNEAPOLIS, MN | Bank of America, National Association |
| $350,000–1 million | QUEST ENGINEERING, INC. | MINNEAPOLIS, MN | Old National Bank |
| $350,000–1 million | QUICKWAY RIGGING & TRANSFER, INC. | MINNEAPOLIS, MN | Farmers & Merchants Savings Bank |
| $150,000–350,000 | R.CUP LLC | MINNEAPOLIS, MN | VisionBank |
| $350,000–1 million | R.E. PURVIS & ASSOCIATES INC. | MINNEAPOLIS, MN | BMO Harris Bank National Association |
| $350,000–1 million | R.E.C. INC | MINNEAPOLIS, MN | Bremer Bank, National Association |
| $350,000–1 million | R.M. COTTON CO. | MINNEAPOLIS, MN | Fidelity Bank |
| $150,000–350,000 | R.S. PETERSON SALES INC | MINNEAPOLIS, MN | Bridgewater Bank |
| $150,000–350,000 | RABBIT HOLE EQUITY, LLC | MINNEAPOLIS, MN | Vermillion State Bank |
| $350,000–1 million | RACKNER INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | RADIAN GROUP, INC. | MINNEAPOLIS, MN | First Horizon Bank |
| $150,000–350,000 | RADIATION THERAPY CENTER AT FAIRVIEW SOUTHDALE, INC. | MINNEAPOLIS, MN | Alerus Financial, National Association |
| $5–10 million | RADIUS GLOBAL SOLUTIONS LLC | MINNEAPOLIS, MN | Firstrust Savings Bank |
| $350,000–1 million | RADIUS TRACK CORPORATION | MINNEAPOLIS, MN | MidWestOne Bank |
| $350,000–1 million | RAE WELLNESS PBC | MINNEAPOLIS, MN | TCF National Bank |
| $150,000–350,000 | RAHMA HOME HEALTH, INC. | MINNEAPOLIS, MN | Central Minnesota CU |
| $150,000–350,000 | RAHN'S CUSTOM MANUFACTURING, INC. | MINNEAPOLIS, MN | Gateway Bank |
| $350,000–1 million | RAILWAY EQUIPMENT COMPANY | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | RAINBOW RESTAURANT PROPERTIES, INC. | MINNEAPOLIS, MN | Minnesota Bank & Trust |
| $2–5 million | RAINBOW, INC. | MINNEAPOLIS, MN | Associated Bank, National Association |
| $350,000–1 million | RAKHMA, INC. | MINNEAPOLIS, MN | Minnesota Bank & Trust |
| $150,000–350,000 | RAMEZ ENTERPRISES, INC | MINNEAPOLIS, MN | Sunrise Banks, National Association |
| $2–5 million | RAMSEY EXCAVATING COMPANY | MINNEAPOLIS, MN | MidCountry Bank |
| $150,000–350,000 | RANDALL RADA HOLDINGS, INC | MINNEAPOLIS, MN | Fidelity Bank |
| $150,000–350,000 | RANDY'S BOOTH COMPANY, INC. | MINNEAPOLIS, MN | Highland Bank |
| $350,000–1 million | RANGE SYSTEMS, INC. | MINNEAPOLIS, MN | Sunrise Banks, National Association |
| $350,000–1 million | RANI ENGINEERING LLC | MINNEAPOLIS, MN | Drake Bank |
| $350,000–1 million | RANK CRANKERS, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RASHID CORP | MINNEAPOLIS, MN | MidCountry Bank |
| $150,000–350,000 | RATWIK, ROSZAK & MALONEY, P.A. | MINNEAPOLIS, MN | North American Banking Company |
| $150,000–350,000 | RAVEL, INC | MINNEAPOLIS, MN | Riverland Bank |
| $150,000–350,000 | RAVICH MEYER KIRKMAN MCGRATH NAUMAN & TANSEY, A PROFESSIONAL ASSOCIATION | MINNEAPOLIS, MN | BMO Harris Bank National Association |
| $150,000–350,000 | RAY N. WELTER HEATING COMPANY | MINNEAPOLIS, MN | Highland Bank |
| $150,000–350,000 | RAYITO DE SOL, LLC | MINNEAPOLIS, MN | Bell Bank |
| $350,000–1 million | RBM FACILITIES MAINTENANCE INC. | MINNEAPOLIS, MN | Platinum Bank |
| $150,000–350,000 | RCV, LLC | MINNEAPOLIS, MN | Merchants Bank, National Association |
| $1–2 million | RDHN INVESTMENTS, LLC | MINNEAPOLIS, MN | Park State Bank |
| $150,000–350,000 | REBOUND INC | MINNEAPOLIS, MN | Royal CU |
| $150,000–350,000 | RECONROBOTICS, INC. | MINNEAPOLIS, MN | Choice Financial Group |
| $150,000–350,000 | RED WAGON PIZZA COMPANY | MINNEAPOLIS, MN | Woodlands National Bank |
| $350,000–1 million | REDCIRCLE LLC | MINNEAPOLIS, MN | Woodlands National Bank |
| $150,000–350,000 | REDEEMER CENTER FOR LIFE INC | MINNEAPOLIS, MN | BMO Harris Bank National Association |
| $150,000–350,000 | REDHORSE MEDIA, LLC | MINNEAPOLIS, MN | Park State Bank |
| $350,000–1 million | REDPATH CONSULTING GROUP, LLC | MINNEAPOLIS, MN | Village Bank |
| $350,000–1 million | REDTAIL ENTERPRISES, INC | MINNEAPOLIS, MN | Stearns Bank National Association |
| $350,000–1 million | REENTRY HOUSE INC | MINNEAPOLIS, MN | Associated Bank, National Association |
| $150,000–350,000 | REGUPOL ZEBRA ATHLETICS, LLC | MINNEAPOLIS, MN | 21st Century Bank |
| $150,000–350,000 | REHKAMP LARSON ARCHITECTS, INC. | MINNEAPOLIS, MN | Bridgewater Bank |
| $1–2 million | REHN INVESTMENTS, LLC | MINNEAPOLIS, MN | Park State Bank |
| $1–2 million | RELATIONSHIP ONE, LLC | MINNEAPOLIS, MN | Choice Financial Group |
| $350,000–1 million | RELIABLE HUMAN SERVICES INC | MINNEAPOLIS, MN | Bank of America, National Association |
| $150,000–350,000 | RELIAKOR SERVICES INC | MINNEAPOLIS, MN | Bridgewater Bank |
| $350,000–1 million | REMANCO HYDRAULICS, INC. | MINNEAPOLIS, MN | Richfield-Bloomington CU |
| $150,000–350,000 | REMODELING SPECIALISTS, LLC | MINNEAPOLIS, MN | Tradition Capital Bank |
| $150,000–350,000 | RENDER TO RADIO LLC | MINNEAPOLIS, MN | U.S. Bank, National Association |
| $2–5 million | RENDEZVOUS INVESTMENTS, INC | MINNEAPOLIS, MN | BMO Harris 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 | Roundbank |
| $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 Harris 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 | RICHARD SCALES ADVERTISING, INC. | MINNEAPOLIS, MN | Celtic Bank Corporation |
| $150,000–350,000 | RICHCRAF ENTERPRISES INC | MINNEAPOLIS, MN | Old National Bank |
| $150,000–350,000 | RICHFIELD EVANGELICAL LUTHERAN CHURCH | MINNEAPOLIS, MN | BMO Harris 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 Harris Bank National Association |