SBA Loans in Cloquet, MN

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

116

all programs

Approved $

$37.6M

last 24 months

Avg loan

$324K

median $245K

Active lenders

approved here

Jobs supported

1,309

cumulative

Loan activity map

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CLOQUET · 116 LOANS

Top lenders in Cloquet

Woodlands National Bank

Frandsen Bank and Trust

U.S. Bank, National Association

Wells Fargo Bank National Association

Midwest Business Finance Corporation

Northeast Entrepreneur Fund, Inc.

Top industries in Cloquet

Hotels (except Casino Hotels) and Motels

Full-Service Restaurants

All Other Amusement and Recreation Industries

Offices of Dentists

Drinking Places (Alcoholic Beverages)

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Loan records · Cloquet, MN

116 records

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Borrower

Location

Program

Industry

ULF Cloquet RE, LLC Amplio Economic Development Corporation

Cloquet, MN

55720

$3,882,000

$13K

504

General Line Grocery Merchant Wholesalers

2022-03-24

Woods and Water Family Dental, P.L.L.C.Fifth Third Bank

Cloquet, MN

55720

$2,485,000

$497K

7(a)

Offices of Dentists

2025-01-22

B&B Market, Inc.Frandsen Bank and Trust

Cloquet, MN

55720

$1,724,000

$54K

7(a)

Convenience Stores

2021-08-24

STEAK ESCAPE AND TACO JOHNS Associated Bank, National Association

Cloquet, MN

55720

$1,685,000

—

7(a)

—

1999-12-14

THE MEDICINE SHOPPE Wells Fargo Bank National Association

Cloquet, MN

55720

$1,467,000

$73K

7(a)

Pharmacies and Drug Stores

2009-11-03

Woodward Enterprises, LLC Wells Fargo Bank National Association

Cloquet, MN

55720

$1,264,400

$63K

7(a)

Engineering Services

2010-11-12

Dead on Inc Frandsen Bank and Trust

Cloquet, MN

55720

$1,167,000

$389K

7(a)

All Other Amusement and Recreation Industries

2017-04-04

CLOQUET MOTORS, LLC Midwest Business Finance Corporation

Cloquet, MN

55720

$1,006,000

$1.0M

504

New Car Dealers

2008-08-26

Elevate Wellness Agency LLC Frandsen Bank and Trust

Cloquet, MN

55720

$1,000,000

$8K

7(a)

Other Residential Care Facilities

2025-03-25

DOA Inc.Amplio Economic Development Corporation

Cloquet, MN

55720

$953,000

$119K

504

All Other Amusement and Recreation Industries

2023-04-20

MJ2 Enterprise, Inc First Bank of the Lake

Cloquet, MN

55720

$945,000

$473K

7(a)

Window Treatment Retailers

2022-10-21

DOA Inc.Frandsen Bank and Trust

Cloquet, MN

55720

$902,600

$129K

7(a)

All Other Amusement and Recreation Industries

2023-04-24

Durga Motel Inc Twin Cities-Metro Certified Development Company

Cloquet, MN

55720

$817,000

$41K

504

Hotels (except Casino Hotels) and Motels

2008-10-10

TIM N HANDEVIDT & MARY E HANDE Stearns Bank National Association

Cloquet, MN

55733

$750,000

$250K

7(a)

Funeral Homes and Funeral Services

2004-09-21

Pioneer Recovery Center, LLC Wells Fargo Bank National Association

Cloquet, MN

55720

$680,500

$49K

7(a)

Residential Mental Health and Substance Abuse Facilities

2013-04-16

The Crotteau Company Frandsen Bank and Trust

Cloquet, MN

55720

$670,000

$67K

7(a)

"Beer, Wine, and Liquor Stores"

2018-12-14

Raiter Clinic, Ltd.Frandsen Bank and Trust

Cloquet, MN

55720

$620,000

$11K

7(a)

Offices of Physicians (except Mental Health Specialists)

2018-09-18

218 Taphouse, Inc.Frandsen Bank and Trust

Cloquet, MN

55720

$576,000

$72K

7(a)

Drinking Places (Alcoholic Beverages)

2023-06-22

Durga Motel Inc Twin Cities-Metro Certified Development Company

Cloquet, MN

55720

$570,000

$57K

504

Hotels (except Casino Hotels) and Motels

2008-10-10

NORTH COUNTRY DENTAL Readycap Lending, LLC

Cloquet, MN

55720

$552,000

$46K

7(a)

Offices of Dentists

2002-02-16

Stock Tire & Auto LLC Frandsen Bank and Trust

Cloquet, MN

55720

$550,800

$110K

7(a)

General Automotive Repair

2025-05-28

DEBOER AUTOMOTIVE SERVICES INC U.S. Bank, National Association

Cloquet, MN

55720

$540,000

—

7(a)

General Automotive Repair

2015-11-09

Rivdogg, LLC National Bank of Commerce

Cloquet, MN

55720

$486,600

$12K

7(a)

Full-Service Restaurants

2016-08-03

Carlson Orthodontics, P.A.Amplio Economic Development Corporation

Cloquet, MN

55720

$469,000

$235K

504

Offices of Dentists

2015-05-21

Northland Commercial Laundry LLC Frandsen Bank and Trust

Cloquet, MN

55720

$446,000

$45K

7(a)

Drycleaning and Laundry Services (except Coin-Operated)

2022-07-07

Amplio Economic Development Corporation$13K/job · 2022-03-24

Woods and Water Family Dental, P.L.L.C.

Cloquet, MN · 55720

$2,485,000

7(a)

Fifth Third Bank$497K/job · 2025-01-22

Frandsen Bank and Trust$54K/job · 2021-08-24

STEAK ESCAPE AND TACO JOHNS

Cloquet, MN · 55720

$1,685,000

7(a)

Associated Bank, National Association1999-12-14

Wells Fargo Bank National Association$73K/job · 2009-11-03

Woodward Enterprises, LLC

Cloquet, MN · 55720

$1,264,400

7(a)

Wells Fargo Bank National Association$63K/job · 2010-11-12

Frandsen Bank and Trust$389K/job · 2017-04-04

Midwest Business Finance Corporation$1.0M/job · 2008-08-26

Elevate Wellness Agency LLC

Cloquet, MN · 55720

$1,000,000

7(a)

Frandsen Bank and Trust$8K/job · 2025-03-25

Amplio Economic Development Corporation$119K/job · 2023-04-20

First Bank of the Lake$473K/job · 2022-10-21

Frandsen Bank and Trust$129K/job · 2023-04-24

Twin Cities-Metro Certified Development Company$41K/job · 2008-10-10

TIM N HANDEVIDT & MARY E HANDE

Cloquet, MN · 55733

$750,000

7(a)

Stearns Bank National Association$250K/job · 2004-09-21

Pioneer Recovery Center, LLC

Cloquet, MN · 55720

$680,500

7(a)

Wells Fargo Bank National Association$49K/job · 2013-04-16

Frandsen Bank and Trust$67K/job · 2018-12-14

Frandsen Bank and Trust$11K/job · 2018-09-18

Frandsen Bank and Trust$72K/job · 2023-06-22

Twin Cities-Metro Certified Development Company$57K/job · 2008-10-10

Readycap Lending, LLC$46K/job · 2002-02-16

Stock Tire & Auto LLC

Cloquet, MN · 55720

$550,800

7(a)

Frandsen Bank and Trust$110K/job · 2025-05-28

DEBOER AUTOMOTIVE SERVICES INC

Cloquet, MN · 55720

$540,000

7(a)

U.S. Bank, National Association2015-11-09

National Bank of Commerce$12K/job · 2016-08-03

Carlson Orthodontics, P.A.

Cloquet, MN · 55720

$469,000

504

Amplio Economic Development Corporation$235K/job · 2015-05-21

Northland Commercial Laundry LLC

Cloquet, MN · 55720

$446,000

7(a)

Frandsen Bank and Trust$45K/job · 2022-07-07

1–25 of 116

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