SBA Loans in Andover, MN

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

293

all programs

Approved $

$91.6M

last 24 months

Avg loan

$313K

median $245K

Active lenders

approved here

Jobs supported

2,707

cumulative

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ANDOVER · 293 LOANS

Top lenders in Andover

U.S. Bank, National Association

Wells Fargo Bank National Association

21st Century Bank

Nicolet National Bank

Old National Bank

Central Minnesota Development Company

Top industries in Andover

All Other Specialty Trade Contractors

Residential Remodelers

"Specialized Freight (except Used Goods) Trucking, Local"

Beauty Salons

General Automotive Repair

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Loan records · Andover, MN

293 records

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Borrower

Location

Program

Industry

Dynamic Sealing Technologies, Inc.U.S. Bank, National Association

Andover, MN

55304

$5,000,000

$52K

7(a)

Oil and Gas Field Machinery and Equipment Manufacturing

2016-03-21

Dynamic Sealing Technologies, Inc.U.S. Bank, National Association

Andover, MN

55304

$5,000,000

$61K

7(a)

Fluid Power Valve and Hose Fitting Manufacturing

2016-12-02

Dynamic Sealing Technologies, Inc.U.S. Bank, National Association

Andover, MN

55304

$5,000,000

$61K

7(a)

Fluid Power Valve and Hose Fitting Manufacturing

2015-01-08

Vapor Trail, Inc.Old National Bank

Andover, MN

55304

$3,593,000

—

7(a)

Sporting and Athletic Goods Manufacturing

2019-12-20

Dynamic Sealing Technologies, Inc.Platinum Bank

Andover, MN

55304

$3,000,000

$34K

7(a)

"Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding"

2017-12-08

Viron Holding Company Old National Bank

Andover, MN

55304

$2,968,500

$165K

7(a)

Wood Kitchen Cabinet and Countertop Manufacturing

2023-07-14

G & R Elevator Manufacturing, Inc.21st Century Bank

Andover, MN

55304

$2,776,500

$139K

7(a)

Elevator and Moving Stairway Manufacturing

2019-03-29

Dynamic Sealing Technologies, Inc U.S. Bank, National Association

Andover, MN

55304

$2,000,000

$80K

7(a)

Totalizing Fluid Meter and Counting Device Manufacturing

2007-07-26

Crystal Ranch, Inc.Old National Bank

Andover, MN

55304

$1,782,000

$23K

7(a)

Cafeterias, Grill Buffets, and Buffets

2018-01-19

BCS MN Development LLC The Bank of Elk River

Andover, MN

55304

$1,673,700

$15K

7(a)

Soap and Other Detergent Manufacturing

2021-08-31

Dan Dahlin, Inc.Newtek Small Business Finance, Inc.

Andover, MN

55304

$1,600,500

$53K

7(a)

Bowling Centers

2019-06-04

ABC Mini Storage WBD, Inc.

Andover, MN

55304

$1,430,000

$1.4M

504

Lessors of Miniwarehouses and Self-Storage Units

2020-06-10

TWIN CITIES BROADBAND, LLC Wells Fargo Bank National Association

Andover, MN

55304

$1,402,500

$701K

7(a)

Power and Communication Line and Related Structures Construction

2013-08-21

BECKER OIL, INC.U.S. Bank, National Association

Andover, MN

55304

$1,333,300

—

7(a)

Gasoline Stations with Convenience Stores

2003-12-23

DeShaw Properties, LLC Northeast Bank

Andover, MN

55304

$1,330,000

$133K

7(a)

Funeral Homes and Funeral Services

2014-12-12

ANDOVER LANES, INC.Twin Cities-Metro Certified Development Company

Andover, MN

55304

$1,270,000

$21K

504

Bowling Centers

2006-02-14

Lifelong Knowledge, LLC First Bank & Trust

Andover, MN

55304

$1,235,100

$39K

7(a)

Child Day Care Services

2022-01-10

DANE ALLEN HOMES INC.First Resource Bank

Andover, MN

55304

$1,200,000

$120K

7(a)

New Single-Family Housing Construction (except Operative Builders)

2023-06-21

MerlinMN001 LLC HomeTrust Bank

Andover, MN

55304

$1,197,000

$171K

7(a)

General Automotive Repair

2022-01-20

JW2 Properties, LLC Falcon National Bank

Andover, MN

55304

$1,171,100

$293K

7(a)

Fitness and Recreational Sports Centers

2019-04-25

Andover Daycare Properties, LLC Twin Cities-Metro Certified Development Company

Andover, MN

55304

$1,093,000

$61K

504

Child Day Care Services

2018-04-16

Adam Jade Ventures, Inc.21st Century Bank

Andover, MN

55304

$950,000

—

7(a)

Offices of Other Holding Companies

2017-12-19

Acapulco of Minnesota, Inc.Amplio Economic Development Corporation

Andover, MN

55304

$947,000

$43K

504

Full-Service Restaurants

2015-09-25

Family Speech & Therapy Services, LLC U.S. Bank, National Association

Andover, MN

55304

$936,000

$32K

7(a)

"Offices of Physical, Occupational and Speech Therapists, and Audiologists"

2012-10-22

ALL VAC, INC U.S. Bank, National Association

Andover, MN

55304

$813,900

—

7(a)

All Other Specialty Trade Contractors

2024-11-19

Dynamic Sealing Technologies, Inc.

Andover, MN · 55304

$5,000,000

7(a)

U.S. Bank, National Association$52K/job · 2016-03-21

Dynamic Sealing Technologies, Inc.

Andover, MN · 55304

$5,000,000

7(a)

U.S. Bank, National Association$61K/job · 2016-12-02

Dynamic Sealing Technologies, Inc.

Andover, MN · 55304

$5,000,000

7(a)

U.S. Bank, National Association$61K/job · 2015-01-08

Old National Bank2019-12-20

Dynamic Sealing Technologies, Inc.

Andover, MN · 55304

$3,000,000

7(a)

Platinum Bank$34K/job · 2017-12-08

Viron Holding Company

Andover, MN · 55304

$2,968,500

7(a)

Old National Bank$165K/job · 2023-07-14

G & R Elevator Manufacturing, Inc.

Andover, MN · 55304

$2,776,500

7(a)

21st Century Bank$139K/job · 2019-03-29

Dynamic Sealing Technologies, Inc

Andover, MN · 55304

$2,000,000

7(a)

U.S. Bank, National Association$80K/job · 2007-07-26

Old National Bank$23K/job · 2018-01-19

BCS MN Development LLC

Andover, MN · 55304

$1,673,700

7(a)

The Bank of Elk River$15K/job · 2021-08-31

Newtek Small Business Finance, Inc.$53K/job · 2019-06-04

WBD, Inc.$1.4M/job · 2020-06-10

TWIN CITIES BROADBAND, LLC

Andover, MN · 55304

$1,402,500

7(a)

Wells Fargo Bank National Association$701K/job · 2013-08-21

U.S. Bank, National Association2003-12-23

DeShaw Properties, LLC

Andover, MN · 55304

$1,330,000

7(a)

Northeast Bank$133K/job · 2014-12-12

Twin Cities-Metro Certified Development Company$21K/job · 2006-02-14

Lifelong Knowledge, LLC

Andover, MN · 55304

$1,235,100

7(a)

First Bank & Trust$39K/job · 2022-01-10

DANE ALLEN HOMES INC.

Andover, MN · 55304

$1,200,000

7(a)

First Resource Bank$120K/job · 2023-06-21

HomeTrust Bank$171K/job · 2022-01-20

Falcon National Bank$293K/job · 2019-04-25

Andover Daycare Properties, LLC

Andover, MN · 55304

$1,093,000

504

Twin Cities-Metro Certified Development Company$61K/job · 2018-04-16

Adam Jade Ventures, Inc.

Andover, MN · 55304

$950,000

7(a)

21st Century Bank2017-12-19

Acapulco of Minnesota, Inc.

Andover, MN · 55304

$947,000

504

Amplio Economic Development Corporation$43K/job · 2015-09-25

Family Speech & Therapy Services, LLC

Andover, MN · 55304

$936,000

7(a)

U.S. Bank, National Association$32K/job · 2012-10-22

U.S. Bank, National Association2024-11-19

1–25 of 293

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