| $1–2 million | NORTHLAND TEMPORARIES, INC. | SAINT PAUL, MN | Old National Bank |
| $150,000–350,000 | NORTHPORT ENGINEERING, INC. | SAINT PAUL, MN | Old National Bank |
| $350,000–1 million | NORTHSTAR BEHAVIORAL HEALTH LLC | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | NORTHVIEW DENTAL PA | SAINT PAUL, MN | First Bank & Trust |
| $350,000–1 million | NORTHWEST PACKAGING, INC. | SAINT PAUL, MN | Deerwood Bank |
| $150,000–350,000 | NOTTINGHAM CONSTRUCTION | SAINT PAUL, MN | Lake Area Bank |
| $1–2 million | NOVA CLASSICAL ACADEMY | SAINT PAUL, MN | Old National Bank |
| $1–2 million | NOVEL ENERGY SOLUTIONS L. L. C. | SAINT PAUL, MN | First Western Bank & Trust |
| $150,000–350,000 | NOVUS 2 LLC | SAINT PAUL, MN | U.S. Bank, National Association |
| $150,000–350,000 | NOVUS FRANCHISING 2 LLC | SAINT PAUL, MN | U.S. Bank, National Association |
| $150,000–350,000 | NOW CARE DENTAL, P.C. | SAINT PAUL, MN | 21st Century Bank |
| $350,000–1 million | NOW MICRO, INC. | SAINT PAUL, MN | Alerus Financial, National Association |
| $150,000–350,000 | NOW SPORTS INCORPORATED | SAINT PAUL, MN | Old National Bank |
| $150,000–350,000 | NUE'S HOME KARE INC | SAINT PAUL, MN | U.S. Bank, National Association |
| $150,000–350,000 | NUE'S HOME KARE INC. | SAINT PAUL, MN | Intuit Financing Inc. |
| $150,000–350,000 | NUTRITIONAL WEIGHT & WELLNESS, INC. | SAINT PAUL, MN | U.S. Bank, National Association |
| $150,000–350,000 | O'HARA & HUNTER CONSULTING, INC. | SAINT PAUL, MN | Farmers & Merchants Savings Bank |
| $150,000–350,000 | O'KANE AND MONSSEN DDS PA | SAINT PAUL, MN | Gateway Bank |
| $150,000–350,000 | OAK GROVE CAPITAL, INC. | SAINT PAUL, MN | Tradition Capital Bank |
| $350,000–1 million | OAK HILL MONTESSORI, INC | SAINT PAUL, MN | BankCherokee |
| $150,000–350,000 | OAK MEADOWS | SAINT PAUL, MN | Lake Elmo Bank |
| $350,000–1 million | OAKDALE PRECISION INC. | SAINT PAUL, MN | North American Banking Company |
| $350,000–1 million | OAKGREEN COMMONS, LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | OBBS SPORTS BAR & GRILL | SAINT PAUL, MN | Lake Elmo Bank |
| $150,000–350,000 | OCCUPATIONAL MEDICAL SOLUTIONS, LLC | SAINT PAUL, MN | American National Bank |
| $150,000–350,000 | OERTEL ARCHITECTS LTD | SAINT PAUL, MN | U.S. Bank, National Association |
| $150,000–350,000 | OLA ENTERPRISES, INC. | SAINT PAUL, MN | BMO Harris Bank National Association |
| $1–2 million | OLSEN THIELEN & CO LTD | SAINT PAUL, MN | Bremer Bank, National Association |
| $150,000–350,000 | OLSON CONSTRUCTION LAW PC | SAINT PAUL, MN | Home Federal Savings Bank |
| $1–2 million | ON SITE COMPANIES, INC. | SAINT PAUL, MN | Minnesota Bank & Trust |
| $350,000–1 million | ONE TECH ENGINEERING | SAINT PAUL, MN | Alerus Financial, National Association |
| $350,000–1 million | ONLY 1 AUTO GLASS INC. | SAINT PAUL, MN | Alliance Bank |
| $1–2 million | OPEN CITIES HEALTH CENTER, INC. | SAINT PAUL, MN | Sunrise Banks, National Association |
| $150,000–350,000 | OPPORTUNITY COMMUNITY SERVICES INC | SAINT PAUL, MN | City & County CU |
| $350,000–1 million | OPTIMIZE SOCIAL MEDIA INC | SAINT PAUL, MN | Platinum Bank |
| $150,000–350,000 | OPUS 21 MANAGEMENT SOLUTIONS, LLC | SAINT PAUL, MN | Old National Bank |
| $150,000–350,000 | ORCHARD DENTAL GROUP PLLC | SAINT PAUL, MN | Lake Elmo Bank |
| $1–2 million | ORDWAY CENTER FOR THE PERFORMING ARTS | SAINT PAUL, MN | Bremer Bank, National Association |
| $350,000–1 million | ORION CORPORATION OF MINNESOTA | SAINT PAUL, MN | Northeast Bank |
| $1–2 million | OTOLARYNGOLOGY & HEAD & NECK SURGERY PA | SAINT PAUL, MN | Minnesota Bank & Trust |
| $150,000–350,000 | OTTO PACKAGING MIDWEST LLC | SAINT PAUL, MN | Fidelity Bank |
| $1–2 million | OUR LADY OF PEACE | SAINT PAUL, MN | Lakeview Bank |
| $350,000–1 million | OUTDOOR IMAGES INC | SAINT PAUL, MN | MidWestOne Bank |
| $2–5 million | OXYGEN SERVICE CO, INC | SAINT PAUL, MN | Bremer Bank, National Association |
| $150,000–350,000 | PAHL FARMS INC | SAINT PAUL, MN | Merchants Bank, National Association |
| $150,000–350,000 | PAINTING BY NAKASONE INC | SAINT PAUL, MN | Wells Fargo Bank, National Association |
| $150,000–350,000 | PAPER ROLL PRODUCTS LLC | SAINT PAUL, MN | Fidelity Bank |
| $350,000–1 million | PARADIGM SERVICES | SAINT PAUL, MN | First Midwest Bank |
| $350,000–1 million | PARTNERSHIPS FOR MINNESOTA FUTURES, INC. | SAINT PAUL, MN | Sunrise Banks, National Association |
| $150,000–350,000 | PAT HENRY POOLS, INC. | SAINT PAUL, MN | Premier Bank |
| $350,000–1 million | PAT MCGOVERN'S, INC. | SAINT PAUL, MN | Alliance Bank |
| $150,000–350,000 | PATE BONDING INC | SAINT PAUL, MN | Associated Bank, National Association |
| $350,000–1 million | PATHWAYS TO COMMUNITY, INC | SAINT PAUL, MN | Woodlands National Bank |
| $350,000–1 million | PAUL S AMIDON & ASSOCIATES INC | SAINT PAUL, MN | Highland Bank |
| $350,000–1 million | PAULSON & CLARK ENGINEERING, INC. | SAINT PAUL, MN | Farmers & Merchants Savings Bank |
| $150,000–350,000 | PC PARTS PLUS, LLC. | SAINT PAUL, MN | Citizens Community Federal National Association |
| $150,000–350,000 | PCR GROUP, INC. | SAINT PAUL, MN | Lake Area Bank |
| $350,000–1 million | PCS FOR PEOPLE | SAINT PAUL, MN | Old National Bank |
| $150,000–350,000 | PCS TECHNOLGIES, INC, | SAINT PAUL, MN | Sunrise Banks, National Association |
| $5–10 million | PDG, PA | SAINT PAUL, MN | Frandsen Bank & Trust |
| $150,000–350,000 | PEACE OF MIND DAYCARE, INC | SAINT PAUL, MN | Drake Bank |
| $150,000–350,000 | PEACEFUL LODGE INC. | SAINT PAUL, MN | Sunrise Banks, National Association |
| $350,000–1 million | PEDIATRIC AND YOUNG ADULT MEDICINE PA | SAINT PAUL, MN | PNC Bank, National Association |
| $150,000–350,000 | PENUMBRA THEATRE COMPANY, INC. | SAINT PAUL, MN | American National Bank |
| $150,000–350,000 | PERDIN LLC | SAINT PAUL, MN | Byline Bank |
| $150,000–350,000 | PERFECTION HEATING AND AIR, INC. | SAINT PAUL, MN | Old National Bank |
| $150,000–350,000 | PERGOLA PROPERTY MANAGEMENT LLC | SAINT PAUL, MN | American National Bank |
| $150,000–350,000 | PET CONTAINMENT MINNESOTA INC | SAINT PAUL, MN | Millennial Bank |
| $350,000–1 million | PETERSON BROS. ROOFING & CONSTRUCTION, INC. | SAINT PAUL, MN | American National Bank |
| $150,000–350,000 | PETERSON, LOGREN AND KILBURY PA | SAINT PAUL, MN | Sunrise Banks, National Association |
| $150,000–350,000 | PETOM, INC. | SAINT PAUL, MN | BankCherokee |
| $350,000–1 million | PHASE ONE ENTERPRISES, INC. | SAINT PAUL, MN | Drake Bank |
| $2–5 million | PHEASANTS FOREVER, INC. | SAINT PAUL, MN | First Independent Bank |
| $150,000–350,000 | PHRESH SPA SALON, LLC | SAINT PAUL, MN | BankCherokee |
| $350,000–1 million | PHT SYSTEMS WC INC. | SAINT PAUL, MN | American National Bank |
| $350,000–1 million | PIER FOUNDRY + PATTERN SHOP IN | SAINT PAUL, MN | Premier Bank |
| $150,000–350,000 | PINNACLE PUBLISHING GROUP INC | SAINT PAUL, MN | U.S. Bank, National Association |
| $350,000–1 million | PIPE TRADES SERVICES MN, INC. | SAINT PAUL, MN | BMO Harris Bank National Association |
| $5–10 million | PLANNED PARENTHOOD NORTH CENTRAL STATES | SAINT PAUL, MN | Bremer Bank, National Association |
| $350,000–1 million | PLASTIC PROMOTIONS, INC | SAINT PAUL, MN | Fidelity Bank |
| $150,000–350,000 | PLATINUM FLOORCOVERING MN, INC. | SAINT PAUL, MN | Premier Bank |
| $350,000–1 million | POLAR PLASTICS, LLC | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | POMPADORZ INC. | SAINT PAUL, MN | Citizens Independent Bank |
| $1–2 million | POPE ASSOCIATES INC | SAINT PAUL, MN | Bremer Bank, National Association |
| $150,000–350,000 | PORTABLE STORAGE OF MN | SAINT PAUL, MN | Bell Bank |
| $150,000–350,000 | PORTICO HEALTHNET | SAINT PAUL, MN | Bremer Bank, National Association |
| $150,000–350,000 | POWDER TECHNOLOGY, INC. | SAINT PAUL, MN | Old National Bank |
| $350,000–1 million | POWER SYSTEMS RESEARCH, INC. | SAINT PAUL, MN | Choice Financial Group |
| $2–5 million | POWERMATION DIVISION INC. | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | POWERMATION SOLUTIONS GROUP LLC | SAINT PAUL, MN | Bell Bank |
| $350,000–1 million | PRATT CONSTRUCTION INC. | SAINT PAUL, MN | Farmers & Merchants Savings Bank |
| $350,000–1 million | PRECISION COATINGS, INC. | SAINT PAUL, MN | Associated Bank, National Association |
| $350,000–1 million | PREDICTIVE ONCOLOGY INC. | SAINT PAUL, MN | Park State Bank |
| $350,000–1 million | PREFERRED MANAGEMENT SERVICES, INC. | SAINT PAUL, MN | Bridgewater Bank |
| $150,000–350,000 | PREFERRED STAFFING LLC | SAINT PAUL, MN | Newtek Small Business Finance, Inc. |
| $150,000–350,000 | PREMIER CARE HOMES SERVICES IN | SAINT PAUL, MN | Gateway Bank |
| $1–2 million | PREMIER HOUSING MANAGEMENT LIMITED LIABILITY COMPANY | SAINT PAUL, MN | Bridgewater Bank |
| $150,000–350,000 | PREMIER LIGHTING | SAINT PAUL, MN | Lake Area Bank |
| $350,000–1 million | PREMIER STAFFING GROUP, INC. | SAINT PAUL, MN | BMO Harris Bank National Association |
| $150,000–350,000 | PREMIUM CARPET INSTALLATIONS INC | SAINT PAUL, MN | Vibrant CU |