SBA Loans in Detroit Lakes, MN

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

Browse all loans Find lenders in Detroit Lakes

Total SBA loans

132

all programs

Approved $

$40.2M

last 24 months

Avg loan

$305K

median $245K

Active lenders

approved here

Jobs supported

821

cumulative

Loan activity map

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DETROIT LAKES · 132 LOANS

Top lenders in Detroit Lakes

Midwest Bank

Midwest Business Finance Corporation

Old National Bank

Wells Fargo Bank National Association

My Kind of Bank National Association

Deerwood Bank

Top industries in Detroit Lakes

Limited-Service Restaurants

All Other Miscellaneous Store Retailers (except Tobacco Stores)

Full-Service Restaurants

Hotels (except Casino Hotels) and Motels

Landscaping Services

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Loan records · Detroit Lakes, MN

132 records

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Borrower

Location

Program

Industry

WEBBROS, INC.Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$1,980,000

$283K

504

New Car Dealers

2011-11-23

InLine Motion Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$1,856,000

$464K

504

Prefabricated Metal Building and Component Manufacturing

2022-04-26

Swansons' Repair, Inc.Old National Bank

Detroit Lakes, MN

56501

$1,781,000

$81K

7(a)

Outdoor Power Equipment Retailers

2025-02-24

Nodill ROC, LLC First Western Bank & Trust

Detroit Lakes, MN

56501

$1,732,700

$48K

7(a)

Fabricated Structural Metal Manufacturing

2015-08-04

LODGE ON LAKE DETROIT Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$1,596,000

$94K

504

Hotels (except Casino Hotels) and Motels

2005-06-14

FRIESEN'S INC Midwest Business Finance Corporation

Detroit Lakes, MN

56502

$1,278,000

$32K

504

Food Product Machinery Manufacturing

2001-07-18

Americinn by Wyndham Detroit Lakes Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$1,115,000

$223K

504

Hotels (except Casino Hotels) and Motels

2025-07-22

HOUGH, INC. OF DETROIT LAKES Midwest Bank

Detroit Lakes, MN

56501

$1,072,000

—

7(a)

Excavation Contractors

2003-03-12

Borash Legacy Investments, LLC Midwest Bank

Detroit Lakes, MN

56501

$1,007,000

$1.0M

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2011-07-05

Ames Holding LLC Lake Agassiz Certified Development Company

Detroit Lakes, MN

56501

$1,000,000

$36K

504

Offices of Dentists

2019-07-11

Olander Bus Service, Inc.Heritage Bank, National Association

Detroit Lakes, MN

56501

$940,000

$49K

7(a)

School and Employee Bus Transportation

2016-11-15

Nereson Automotive Inc.Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$937,000

$156K

504

New Car Dealers

2013-04-04

LAKESHIRTS INC Old National Bank

Detroit Lakes, MN

56501

$700,000

—

7(a)

—

1995-04-12

AM INN DL INC Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$691,000

$53K

504

—

1995-02-15

ECHOS Management Group, Inc.Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$660,000

—

504

Limited-Service Restaurants

2017-07-13

WEST-KJOS FUNERAL HOME Deerwood Bank

Detroit Lakes, MN

56501

$637,000

—

7(a)

Funeral Homes and Funeral Services

2002-09-26

RMB Environmental Laboratories, Inc.Midwest Bank

Detroit Lakes, MN

56501

$619,000

$36K

7(a)

Testing Laboratories

2011-07-05

NORTHERN STAR DAIRY LLP Midwest Business Finance Corporation

Detroit Lakes, MN

56554

$581,000

$581K

504

—

1995-05-19

ACTION FABRICATING INC Midwest Bank

Detroit Lakes, MN

56501

$545,000

—

7(a)

Metal Service Centers and Offices

2001-03-30

Jersey Mike's Subs Frandsen Bank and Trust

Detroit Lakes, MN

56501

$535,000

$25K

7(a)

Limited-Service Restaurants

2025-03-25

Absolute Ice LLC Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$530,000

$88K

504

All Other Miscellaneous Food Manufacturing

2016-08-05

Wood Fire Foods LLC Midwest Business Finance Corporation

Detroit Lakes, MN

56501

$511,000

$170K

504

Caterers

2025-04-16

BUDGET HOST INN Wadena State Bank

Detroit Lakes, MN

56501

$500,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2003-09-18

BMB Investments, LLC First Western Bank & Trust

Detroit Lakes, MN

56501

$480,000

$40K

7(a)

Full-Service Restaurants

2026-03-13

DETROIT LAKES ANIMAL HOSPITAL Midwest Business Finance Corporation

Detroit Lakes, MN

56502

$478,000

$159K

504

Veterinary Services

2007-01-05

WEBBROS, INC.

Detroit Lakes, MN · 56501

$1,980,000

504

Midwest Business Finance Corporation$283K/job · 2011-11-23

InLine Motion

Detroit Lakes, MN · 56501

$1,856,000

504

Midwest Business Finance Corporation$464K/job · 2022-04-26

Swansons' Repair, Inc.

Detroit Lakes, MN · 56501

$1,781,000

7(a)

Old National Bank$81K/job · 2025-02-24

Nodill ROC, LLC

Detroit Lakes, MN · 56501

$1,732,700

7(a)

First Western Bank & Trust$48K/job · 2015-08-04

LODGE ON LAKE DETROIT

Detroit Lakes, MN · 56501

$1,596,000

504

Midwest Business Finance Corporation$94K/job · 2005-06-14

FRIESEN'S INC

Detroit Lakes, MN · 56502

$1,278,000

504

Midwest Business Finance Corporation$32K/job · 2001-07-18

Americinn by Wyndham Detroit Lakes

Detroit Lakes, MN · 56501

$1,115,000

504

Midwest Business Finance Corporation$223K/job · 2025-07-22

HOUGH, INC. OF DETROIT LAKES

Detroit Lakes, MN · 56501

$1,072,000

7(a)

Midwest Bank2003-03-12

Borash Legacy Investments, LLC

Detroit Lakes, MN · 56501

$1,007,000

7(a)

Midwest Bank$1.0M/job · 2011-07-05

Ames Holding LLC

Detroit Lakes, MN · 56501

$1,000,000

504

Lake Agassiz Certified Development Company$36K/job · 2019-07-11

Olander Bus Service, Inc.

Detroit Lakes, MN · 56501

$940,000

7(a)

Heritage Bank, National Association$49K/job · 2016-11-15

Nereson Automotive Inc.

Detroit Lakes, MN · 56501

$937,000

504

Midwest Business Finance Corporation$156K/job · 2013-04-04

LAKESHIRTS INC

Detroit Lakes, MN · 56501

$700,000

7(a)

Old National Bank1995-04-12

AM INN DL INC

Detroit Lakes, MN · 56501

$691,000

504

Midwest Business Finance Corporation$53K/job · 1995-02-15

ECHOS Management Group, Inc.

Detroit Lakes, MN · 56501

$660,000

504

Midwest Business Finance Corporation2017-07-13

WEST-KJOS FUNERAL HOME

Detroit Lakes, MN · 56501

$637,000

7(a)

Deerwood Bank2002-09-26

RMB Environmental Laboratories, Inc.

Detroit Lakes, MN · 56501

$619,000

7(a)

Midwest Bank$36K/job · 2011-07-05

NORTHERN STAR DAIRY LLP

Detroit Lakes, MN · 56554

$581,000

504

Midwest Business Finance Corporation$581K/job · 1995-05-19

ACTION FABRICATING INC

Detroit Lakes, MN · 56501

$545,000

7(a)

Midwest Bank2001-03-30

Jersey Mike's Subs

Detroit Lakes, MN · 56501

$535,000

7(a)

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

Absolute Ice LLC

Detroit Lakes, MN · 56501

$530,000

504

Midwest Business Finance Corporation$88K/job · 2016-08-05

Wood Fire Foods LLC

Detroit Lakes, MN · 56501

$511,000

504

Midwest Business Finance Corporation$170K/job · 2025-04-16

BUDGET HOST INN

Detroit Lakes, MN · 56501

$500,000

7(a)

Wadena State Bank2003-09-18

BMB Investments, LLC

Detroit Lakes, MN · 56501

$480,000

7(a)

First Western Bank & Trust$40K/job · 2026-03-13

DETROIT LAKES ANIMAL HOSPITAL

Detroit Lakes, MN · 56502

$478,000

504

Midwest Business Finance Corporation$159K/job · 2007-01-05

1–25 of 132

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