SBA Loans in Babbitt, MN

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

$7.2M

last 24 months

Avg loan

$377K

median $245K

Active lenders

approved here

Jobs supported

252

cumulative

Loan activity map

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BABBITT · 19 LOANS

Top lenders in Babbitt

Highland Bank

Park State Bank

American National Bank

Midwest Business Finance Corporation

U.S. Bank, National Association

The Northland Foundation

Top industries in Babbitt

Logging

All Other Rubber Product Manufacturing

All Other Traveler Accommodation

Automotive Parts and Accessories Stores

Architectural Services

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Loan records · Babbitt, MN

19 records

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Borrower

Location

Program

Industry

Sonderline Resorts, Inc.American National Bank

Babbitt, MN

55706

$3,834,000

$3.8M

7(a)

All Other Traveler Accommodation

2025-04-21

BABBITT CAREFREE LIVING, INC.Twin Cities-Metro Certified Development Company

Babbitt, MN

55706

$1,481,000

$59K

504

Continuing Care Retirement Communities

2012-08-24

Junction Inn & Suites Midwest Business Finance Corporation

Babbitt, MN

55706

$314,000

$39K

504

Hotels (except Casino Hotels) and Motels

2013-12-05

TIMBER WOLF LODGE Midwest Business Finance Corporation

Babbitt, MN

55706

$274,000

$34K

504

–

1998-02-25

Negley Properties, LLC The Northland Foundation

Babbitt, MN

55706

$250,000

$3K

7(a)

Residential Mental Retardation Facilities

2019-04-03

Sonderline Resorts, Inc.American National Bank

Babbitt, MN

55706

$150,000

$150K

7(a)

All Other Traveler Accommodation

2025-04-22

DONNER LOGGING INC Highland Bank

Babbitt, MN

55706

$135,000

$68K

7(a)

Logging

2003-08-25

BLACK IRON RUBBER COMPANY Park State Bank

Babbitt, MN

55706

$135,000

$12K

7(a)

All Other Rubber Product Manufacturing

2005-12-12

LAWRENCE J AHO LEE R AHO AND L Highland Bank

Babbitt, MN

55706

$123,000

–

7(a)

General Automotive Repair

1998-03-06

Negley Properties, LLC Park State Bank

Babbitt, MN

55706

$85,000

$6K

7(a)

Other Residential Care Facilities

2009-08-12

DONNER LOGGING, INC.Highland Bank

Babbitt, MN

55706

$80,000

–

7(a)

Logging

2001-05-16

Black Iron Rubber Company Park State Bank

Babbitt, MN

55706

$75,000

$11K

7(a)

All Other Rubber Product Manufacturing

2010-02-10

BLACK IRON RUBBER COMPANY Park State Bank

Babbitt, MN

55706

$75,000

$8K

7(a)

Rubber Product Manufacturing for Mechanical Use

2002-12-30

BENVILLE SERVICE AND SUPERETTE Park State Bank

Babbitt, MN

55706

$51,000

$2K

7(a)

Automotive Parts and Accessories Stores

2003-01-10

DONNER LOGGING, INC Highland Bank

Babbitt, MN

55706

$32,000

–

7(a)

Logging

2000-09-26

CADINE DESIGN Highland Bank

Babbitt, MN

55706

$26,200

–

7(a)

Architectural Services

1998-05-14

BENVILLE SERVICE AND SUPERETTE Highland Bank

Babbitt, MN

55706

$20,000

$800

7(a)

Automotive Parts and Accessories Stores

2003-01-17

Brown Electric Inc.U.S. Bank, National Association

Babbitt, MN

55706

$12,000

$3K

7(a)

Electrical Contractors

2020-03-12

VAUGHN INC U.S. Bank, National Association

Babbitt, MN

55706

$10,000

$667

7(a)

Full-Service Restaurants

2010-05-07

Sonderline Resorts, Inc.

Babbitt, MN · 55706

$3,834,000

7(a)

American National Bank$3.8M/job · 2025-04-21

BABBITT CAREFREE LIVING, INC.

Babbitt, MN · 55706

$1,481,000

504

Twin Cities-Metro Certified Development Company$59K/job · 2012-08-24

Junction Inn & Suites

Babbitt, MN · 55706

$314,000

504

Midwest Business Finance Corporation$39K/job · 2013-12-05

Midwest Business Finance Corporation$34K/job · 1998-02-25

Negley Properties, LLC

Babbitt, MN · 55706

$250,000

7(a)

The Northland Foundation$3K/job · 2019-04-03

Sonderline Resorts, Inc.

Babbitt, MN · 55706

$150,000

7(a)

American National Bank$150K/job · 2025-04-22

Highland Bank$68K/job · 2003-08-25

BLACK IRON RUBBER COMPANY

Babbitt, MN · 55706

$135,000

7(a)

Park State Bank$12K/job · 2005-12-12

LAWRENCE J AHO LEE R AHO AND L

Babbitt, MN · 55706

$123,000

7(a)

Highland Bank1998-03-06

Negley Properties, LLC

Babbitt, MN · 55706

$85,000

7(a)

Park State Bank$6K/job · 2009-08-12

Highland Bank2001-05-16

Black Iron Rubber Company

Babbitt, MN · 55706

$75,000

7(a)

Park State Bank$11K/job · 2010-02-10

BLACK IRON RUBBER COMPANY

Babbitt, MN · 55706

$75,000

7(a)

Park State Bank$8K/job · 2002-12-30

BENVILLE SERVICE AND SUPERETTE

Babbitt, MN · 55706

$51,000

7(a)

Park State Bank$2K/job · 2003-01-10

Highland Bank2000-09-26

Highland Bank1998-05-14

BENVILLE SERVICE AND SUPERETTE

Babbitt, MN · 55706

$20,000

7(a)

Highland Bank$800/job · 2003-01-17

U.S. Bank, National Association$3K/job · 2020-03-12

U.S. Bank, National Association$667/job · 2010-05-07

1–19 of 19

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