SBA Loans in Ada, MN

Explore recent SBA 7(a) and 504 lending activity in Ada. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

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Total SBA loans

all programs

Approved $

$4.7M

last 24 months

Avg loan

$195K

median $245K

Active lenders

approved here

Jobs supported

cumulative

Loan activity map

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ADA · 24 LOANS

Top lenders in Ada

Frandsen Bank and Trust

BMO Bank National Association

American Federal Bank

Bell Bank

Choice Financial Group

Kensington Bank

Top industries in Ada

Full-Service Restaurants

"Automotive Body, Paint, and Interior Repair and Maintenance"

General Automotive Repair

Securities and Commodity Exchanges

"Soil Preparation, Planting, and Cultivating"

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Loan records · Ada, MN

24 records

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Borrower

Location

Program

Industry

Limit Up, LLC Bell Bank

Ada, MN

56510

$890,200

$148K

7(a)

Securities and Commodity Exchanges

2023-01-18

WILD RICE SEED & INSURANCE AGENCY, LLC Kensington Bank

Ada, MN

56510

$562,700

$563K

7(a)

Farm Supplies Merchant Wholesalers

2010-08-04

JOHNSON SPRAY SERVICE INC Stearns Bank National Association

Ada, MN

56510

$472,200

$157K

7(a)

"Soil Preparation, Planting, and Cultivating"

1999-11-09

Midwest Commodities, LLC Bell Bank

Ada, MN

56510

$409,500

$68K

7(a)

Securities and Commodity Exchanges

2023-01-19

R & J BROADCASTING The Goose River Bank

Ada, MN

56510

$391,500

—

7(a)

Radio Stations

2001-09-27

West Main Pizza Frandsen Bank and Trust

Ada, MN

56510

$212,000

$18K

7(a)

Full-Service Restaurants

2013-08-01

B & L Enterprises, LLC Northwestern Bank, National Association

Ada, MN

56510

$165,000

$14K

7(a)

Limited-Service Restaurants

2020-02-03

ADA COUNTY STORE Frandsen Bank and Trust

Ada, MN

56510

$150,000

$21K

7(a)

Convenience Stores

2008-12-09

Wesley O. Carlsrud BMO Bank National Association

Ada, MN

56510

$139,100

$70K

7(a)

General Automotive Repair

2012-04-05

Wesley O. Carlsrud BMO Bank National Association

Ada, MN

56510

$139,100

$70K

7(a)

General Automotive Repair

2011-12-05

Rob's Country Towing, LLC Frandsen Bank and Trust

Ada, MN

56510

$127,000

$42K

7(a)

Motor Vehicle Towing

2017-07-18

GWK LLC American Federal Bank

Ada, MN

56510

$125,000

$125K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2007-08-17

SUBWAY BMO Bank National Association

Ada, MN

56510

$120,900

$13K

7(a)

Full-Service Restaurants

2003-09-12

ADA BODY SHOP & GLASS Midwest Business Finance Corporation

Ada, MN

56510

$113,000

$28K

504

"Automotive Body, Paint, and Interior Repair and Maintenance"

1996-07-30

BERNARD A. BARNETT American Federal Bank

Ada, MN

56510

$105,000

—

7(a)

Automotive Parts and Accessories Stores

2006-03-03

RALPH'S FOOD PRIDE Frandsen Bank and Trust

Ada, MN

56510

$100,000

—

7(a)

—

1996-04-19

HEARTLAND PARTS SUPPLY American Federal Bank

Ada, MN

56510

$92,025

—

7(a)

—

1999-10-18

Fredrikson-Ganje Funeral Home, Inc Frandsen Bank and Trust

Ada, MN

56510

$81,000

$7K

7(a)

Funeral Homes and Funeral Services

2014-12-23

2nd to None Septic Solutions LLC Frandsen Bank and Trust

Ada, MN

56510

$62,200

$21K

7(a)

Other Waste Collection

2020-12-04

ADA PARTS AND SERVICE United Valley Bank

Ada, MN

56510

$60,000

$15K

7(a)

Appliance Repair and Maintenance

2004-11-05

ROBERT CURTIS KINKADE Red River State Bank

Ada, MN

56510

$59,500

—

7(a)

Limited-Service Restaurants

2002-09-11

JEFF'S AUTO BODY REPAIR Frandsen Bank and Trust

Ada, MN

56510

$39,000

—

7(a)

"Automotive Body, Paint, and Interior Repair and Maintenance"

1996-05-22

ADA PARTS & SERVICE BMO Bank National Association

Ada, MN

56510

$37,000

—

7(a)

All Other Motor Vehicle Dealers

1995-08-16

BREW-N-CUE Choice Financial Group

Ada, MN

56510

$30,000

—

7(a)

Full-Service Restaurants

2005-03-31

Bell Bank$148K/job · 2023-01-18

WILD RICE SEED & INSURANCE AGENCY, LLC

Ada, MN · 56510

$562,700

7(a)

Kensington Bank$563K/job · 2010-08-04

JOHNSON SPRAY SERVICE INC

Ada, MN · 56510

$472,200

7(a)

Stearns Bank National Association$157K/job · 1999-11-09

Midwest Commodities, LLC

Ada, MN · 56510

$409,500

7(a)

Bell Bank$68K/job · 2023-01-19

The Goose River Bank2001-09-27

Frandsen Bank and Trust$18K/job · 2013-08-01

B & L Enterprises, LLC

Ada, MN · 56510

$165,000

7(a)

Northwestern Bank, National Association$14K/job · 2020-02-03

Frandsen Bank and Trust$21K/job · 2008-12-09

BMO Bank National Association$70K/job · 2012-04-05

BMO Bank National Association$70K/job · 2011-12-05

Rob's Country Towing, LLC

Ada, MN · 56510

$127,000

7(a)

Frandsen Bank and Trust$42K/job · 2017-07-18

American Federal Bank$125K/job · 2007-08-17

BMO Bank National Association$13K/job · 2003-09-12

ADA BODY SHOP & GLASS

Ada, MN · 56510

$113,000

504

Midwest Business Finance Corporation$28K/job · 1996-07-30

American Federal Bank2006-03-03

Frandsen Bank and Trust1996-04-19

HEARTLAND PARTS SUPPLY

Ada, MN · 56510

$92,025

7(a)

American Federal Bank1999-10-18

Fredrikson-Ganje Funeral Home, Inc

Ada, MN · 56510

$81,000

7(a)

Frandsen Bank and Trust$7K/job · 2014-12-23

2nd to None Septic Solutions LLC

Ada, MN · 56510

$62,200

7(a)

Frandsen Bank and Trust$21K/job · 2020-12-04

ADA PARTS AND SERVICE

Ada, MN · 56510

$60,000

7(a)

United Valley Bank$15K/job · 2004-11-05

ROBERT CURTIS KINKADE

Ada, MN · 56510

$59,500

7(a)

Red River State Bank2002-09-11

JEFF'S AUTO BODY REPAIR

Ada, MN · 56510

$39,000

7(a)

Frandsen Bank and Trust1996-05-22

BMO Bank National Association1995-08-16

Choice Financial Group2005-03-31

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