SBA Loans in Albert Lea, MN

Explore recent SBA 7(a) and 504 lending activity in Albert Lea. 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

125

all programs

Approved $

$47.0M

last 24 months

Avg loan

$376K

median $245K

Active lenders

approved here

Jobs supported

1,046

cumulative

Loan activity map

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ALBERT LEA · 125 LOANS

Top lenders in Albert Lea

Security Bank Minnesota

Southeastern Minnesota 504 Development Corporation

Wells Fargo Bank National Association

Amplio Economic Development Corporation

Arcadian Bank

U.S. Bank, National Association

Top industries in Albert Lea

Hotels (except Casino Hotels) and Motels

Tax Preparation Services

Full-Service Restaurants

Offices of Chiropractors

"General Freight Trucking, Long-Distance, Truckload"

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Loan records · Albert Lea, MN

125 records

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Borrower

Location

Program

Industry

2306 Albert Lea LLC Peoples Bank

Albert Lea, MN

56007

$3,246,400

$295K

7(a)

Hotels (except Casino Hotels) and Motels

2026-03-13

SAR Manufacturing, Inc.Wells Fargo Bank National Association

Albert Lea, MN

56007

$2,700,000

$1.4M

7(a)

Machine Shops

2012-01-12

Twin Cities Hospitality LLC Coulee Bank

Albert Lea, MN

56007

$2,295,000

$33K

7(a)

Hotels (except Casino Hotels) and Motels

2021-03-08

Advanced Family Dental, P.A.Live Oak Banking Company

Albert Lea, MN

56007

$1,914,000

$319K

7(a)

Offices of Dentists

2014-08-12

I-90 Recycling LLC Arcadian Bank

Albert Lea, MN

56007

$1,775,000

$118K

7(a)

All Other Miscellaneous Wood Product Manufacturing

2011-01-31

Shiv Shakti, Inc.Midwest Business Finance Corporation

Albert Lea, MN

56007

$1,566,000

$47K

504

Hotels (except Casino Hotels) and Motels

2013-07-10

ERIKSMOEN COTTAGES OF ST CLOUD, LLC BankVista

Albert Lea, MN

56007

$1,178,000

$20K

7(a)

Services for the Elderly and Persons with Disabilities

2009-12-18

DC Hotels LLC Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$1,120,000

$560K

504

Hotels (except Casino Hotels) and Motels

2013-03-21

TRAILS TRUCK PLAZA LLC & TRAIL Stearns Bank National Association

Albert Lea, MN

56007

$1,060,000

—

7(a)

—

1998-04-29

Albert Lea Lodging, LLC Twin Cities-Metro Certified Development Company

Albert Lea, MN

56007

$1,029,000

$34K

504

Hotels (except Casino Hotels) and Motels

2012-03-26

TRANSOIL INC Arcadian Bank

Albert Lea, MN

56007

$1,000,000

$67K

7(a)

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

2010-11-24

LOU RICH INC Deerwood Bank

Albert Lea, MN

56007

$1,000,000

—

7(a)

—

2000-08-25

Super 8 Albert Lea Genesis Bank

Albert Lea, MN

56007

$936,000

$117K

7(a)

Hotels (except Casino Hotels) and Motels

2008-03-27

Infinite Recycled Technologies LLC Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$910,000

$76K

504

Recyclable Material Merchant Wholesalers

2019-12-30

Infinite Recycled Technologies LLC Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$901,000

$45K

504

"All Other Professional, Scientific, and Technical Services"

2025-12-03

Fallbrook Partners, LLC Live Oak Banking Company

Albert Lea, MN

56007

$870,000

$290K

7(a)

Offices of Other Holding Companies

2024-10-22

Green Group Reprocessing LLC Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$831,000

$139K

504

All Other Miscellaneous Manufacturing

2023-02-03

Specialty Products and Technology, Inc Readycap Lending, LLC

Albert Lea, MN

56007

$722,000

$90K

7(a)

All Other Basic Organic Chemical Manufacturing

2003-10-28

DAYS INN OF ALBERT LEA State Bank of Delano

Albert Lea, MN

56007

$700,000

—

7(a)

—

1994-11-17

Prairie Senior Cottages of Albert Lea L Twin Cities-Metro Certified Development Company

Albert Lea, MN

56007

$700,000

$64K

504

Continuing Care Retirement Communities

2010-04-28

COUNTRYSIDE MOTEL Old National Bank

Albert Lea, MN

56007

$699,000

$175K

7(a)

Hotels (except Casino Hotels) and Motels

2002-08-30

Schipp's Pro Power Wash, Inc.Amplio Economic Development Corporation

Albert Lea, MN

56007

$609,000

$102K

504

All Other Specialty Trade Contractors

2018-03-29

ALBERT LEA SUPER 8 Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$532,000

$41K

504

Hotels (except Casino Hotels) and Motels

1999-01-08

BEL AIRE MOTOR INN Old National Bank

Albert Lea, MN

56007

$508,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2002-06-24

INTERSTATE ENTERPRISES INC Southeastern Minnesota 504 Development Corporation

Albert Lea, MN

56007

$507,000

$127K

504

—

1993-10-25

2306 Albert Lea LLC

Albert Lea, MN · 56007

$3,246,400

7(a)

Peoples Bank$295K/job · 2026-03-13

SAR Manufacturing, Inc.

Albert Lea, MN · 56007

$2,700,000

7(a)

Wells Fargo Bank National Association$1.4M/job · 2012-01-12

Twin Cities Hospitality LLC

Albert Lea, MN · 56007

$2,295,000

7(a)

Coulee Bank$33K/job · 2021-03-08

Advanced Family Dental, P.A.

Albert Lea, MN · 56007

$1,914,000

7(a)

Live Oak Banking Company$319K/job · 2014-08-12

I-90 Recycling LLC

Albert Lea, MN · 56007

$1,775,000

7(a)

Arcadian Bank$118K/job · 2011-01-31

Shiv Shakti, Inc.

Albert Lea, MN · 56007

$1,566,000

504

Midwest Business Finance Corporation$47K/job · 2013-07-10

ERIKSMOEN COTTAGES OF ST CLOUD, LLC

Albert Lea, MN · 56007

$1,178,000

7(a)

BankVista$20K/job · 2009-12-18

DC Hotels LLC

Albert Lea, MN · 56007

$1,120,000

504

Southeastern Minnesota 504 Development Corporation$560K/job · 2013-03-21

TRAILS TRUCK PLAZA LLC & TRAIL

Albert Lea, MN · 56007

$1,060,000

7(a)

Stearns Bank National Association1998-04-29

Albert Lea Lodging, LLC

Albert Lea, MN · 56007

$1,029,000

504

Twin Cities-Metro Certified Development Company$34K/job · 2012-03-26

TRANSOIL INC

Albert Lea, MN · 56007

$1,000,000

7(a)

Arcadian Bank$67K/job · 2010-11-24

LOU RICH INC

Albert Lea, MN · 56007

$1,000,000

7(a)

Deerwood Bank2000-08-25

Super 8 Albert Lea

Albert Lea, MN · 56007

$936,000

7(a)

Genesis Bank$117K/job · 2008-03-27

Infinite Recycled Technologies LLC

Albert Lea, MN · 56007

$910,000

504

Southeastern Minnesota 504 Development Corporation$76K/job · 2019-12-30

Infinite Recycled Technologies LLC

Albert Lea, MN · 56007

$901,000

504

Southeastern Minnesota 504 Development Corporation$45K/job · 2025-12-03

Fallbrook Partners, LLC

Albert Lea, MN · 56007

$870,000

7(a)

Live Oak Banking Company$290K/job · 2024-10-22

Green Group Reprocessing LLC

Albert Lea, MN · 56007

$831,000

504

Southeastern Minnesota 504 Development Corporation$139K/job · 2023-02-03

Specialty Products and Technology, Inc

Albert Lea, MN · 56007

$722,000

7(a)

Readycap Lending, LLC$90K/job · 2003-10-28

DAYS INN OF ALBERT LEA

Albert Lea, MN · 56007

$700,000

7(a)

State Bank of Delano1994-11-17

Prairie Senior Cottages of Albert Lea L

Albert Lea, MN · 56007

$700,000

504

Twin Cities-Metro Certified Development Company$64K/job · 2010-04-28

COUNTRYSIDE MOTEL

Albert Lea, MN · 56007

$699,000

7(a)

Old National Bank$175K/job · 2002-08-30

Schipp's Pro Power Wash, Inc.

Albert Lea, MN · 56007

$609,000

504

Amplio Economic Development Corporation$102K/job · 2018-03-29

ALBERT LEA SUPER 8

Albert Lea, MN · 56007

$532,000

504

Southeastern Minnesota 504 Development Corporation$41K/job · 1999-01-08

BEL AIRE MOTOR INN

Albert Lea, MN · 56007

$508,000

7(a)

Old National Bank2002-06-24

INTERSTATE ENTERPRISES INC

Albert Lea, MN · 56007

$507,000

504

Southeastern Minnesota 504 Development Corporation$127K/job · 1993-10-25

1–25 of 125

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