SBA Loans in Grand Rapids, MN

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

272

all programs

Approved $

$66.0M

last 24 months

Avg loan

$243K

median $245K

Active lenders

approved here

Jobs supported

3,168

cumulative

Loan activity map

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GRAND RAPIDS · 272 LOANS

Top lenders in Grand Rapids

Park State Bank

Midwest Business Finance Corporation

Wells Fargo Bank National Association

Woodland Bank

Members Cooperative Credit Union

Northeast Entrepreneur Fund, Inc.

Top industries in Grand Rapids

Full-Service Restaurants

Beauty Salons

All Other Miscellaneous Fabricated Metal Product Manufacturing

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

General Automotive Repair

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Loan records · Grand Rapids, MN

272 records

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Borrower

Location

Program

Industry

TNT Construction Group, LLC Ultima Bank Minnesota

Grand Rapids, MN

55744

$3,000,000

$12K

7(a)

"Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing"

2021-03-26

Hammerlund Construction, Inc Park State Bank

Grand Rapids, MN

55744

$2,500,000

$42K

7(a)

Water and Sewer Line and Related Structures Construction

2010-12-24

Paramount Materials, Inc.The Bank of Elk River

Grand Rapids, MN

55744

$2,424,900

$173K

7(a)

Other Building Material Dealers

2021-04-28

TNT Construction, LLC Ultima Bank Minnesota

Grand Rapids, MN

55744

$2,000,000

$8K

7(a)

"Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing"

2021-03-26

Hammerlund Construction Inc.Park State Bank

Grand Rapids, MN

55744

$2,000,000

—

7(a)

Water and Sewer Line and Related Structures Construction

2010-06-03

North Country Directional Drilling, LLC Frandsen Bank and Trust

Grand Rapids, MN

55744

$1,900,000

$61K

7(a)

Other Heavy and Civil Engineering Construction

2023-10-13

SAMMY'S PIZZA IN HIBBING North Shore Bank of Commerce

Grand Rapids, MN

55744

$1,650,000

—

7(a)

Full-Service Restaurants

2001-12-11

HAMMERLUND CONSTRUCTION Park State Bank

Grand Rapids, MN

55744

$1,450,000

—

7(a)

All Other Special Trade Contractors - See Footnote 13 in the Table of Small Business Size Standards

2002-09-18

Northland Machine, Inc.Park State Bank

Grand Rapids, MN

55744

$1,378,000

$48K

7(a)

All Other Miscellaneous Fabricated Metal Product Manufacturing

2010-02-03

Kubela Flooring Inc Readycap Lending, LLC

Grand Rapids, MN

55744

$1,372,500

$114K

7(a)

Flooring Contractors

2025-04-09

MNSTAR Technologies, Inc.CRF Small Business Loan Company, LLC

Grand Rapids, MN

55744

$1,200,000

$10K

7(a)

Current-Carrying Wiring Device Manufacturing

2012-01-11

Hariom Hospitality Four LLC Amplio Economic Development Corporation

Grand Rapids, MN

55744

$1,113,000

$1.1M

504

Hotels (except Casino Hotels) and Motels

2016-12-09

Pohl Creek Logging Inc Park State Bank

Grand Rapids, MN

55744

$1,047,000

$524K

7(a)

Logging

2009-10-01

Iron Range Holdings, LLC WBD, Inc.

Grand Rapids, MN

55744

$954,000

$60K

504

Sporting Goods Stores

2021-08-13

Paramount Materials, Inc.The Bank of Elk River

Grand Rapids, MN

55744

$932,400

$186K

7(a)

Other Building Material Dealers

2022-03-14

CJ TABKE CORPORATION BankVista

Grand Rapids, MN

55744

$932,000

$155K

7(a)

"Beer, Wine, and Liquor Stores"

2020-11-18

ARROWHEAD PROMOTION & FULFILLM Midwest Business Finance Corporation

Grand Rapids, MN

55744

$858,000

$5K

504

Advertising Agencies

1995-11-30

West Missabe Orthodontics Wells Fargo Bank National Association

Grand Rapids, MN

55744

$828,300

$166K

7(a)

Offices of Dentists

2018-06-01

MNSTAR Technologies, Inc.Midwest Business Finance Corporation

Grand Rapids, MN

55744

$823,000

$3K

504

All Other Miscellaneous Electrical Equipment and Component Manufacturing

2005-01-26

HH Holdings, LLC Midwest Business Finance Corporation

Grand Rapids, MN

55744

$816,000

$58K

504

Nursing Care Facilities

2020-12-15

Grand Custard LLC Amplio Economic Development Corporation

Grand Rapids, MN

55744

$784,000

$20K

504

Limited-Service Restaurants

2021-02-13

DC Manufacturing Midwest Business Finance Corporation

Grand Rapids, MN

55744

$745,000

$124K

504

All Other Miscellaneous Fabricated Metal Product Manufacturing

2012-10-16

GRAND CUSTARD LLC Wells Fargo Bank National Association

Grand Rapids, MN

55744

$706,000

$6K

7(a)

Limited-Service Restaurants

2017-02-27

LISA M. JOHNSON Midwest Business Finance Corporation

Grand Rapids, MN

55744

$690,000

$690K

504

Offices of Dentists

2010-04-14

CJ Tabke Corporation U.S. Bank, National Association

Grand Rapids, MN

55744

$679,000

$170K

7(a)

Beer, Wine, and Liquor Retailers

2024-08-05

TNT Construction Group, LLC

Grand Rapids, MN · 55744

$3,000,000

7(a)

Ultima Bank Minnesota$12K/job · 2021-03-26

Hammerlund Construction, Inc

Grand Rapids, MN · 55744

$2,500,000

7(a)

Park State Bank$42K/job · 2010-12-24

Paramount Materials, Inc.

Grand Rapids, MN · 55744

$2,424,900

7(a)

The Bank of Elk River$173K/job · 2021-04-28

TNT Construction, LLC

Grand Rapids, MN · 55744

$2,000,000

7(a)

Ultima Bank Minnesota$8K/job · 2021-03-26

Hammerlund Construction Inc.

Grand Rapids, MN · 55744

$2,000,000

7(a)

Park State Bank2010-06-03

North Country Directional Drilling, LLC

Grand Rapids, MN · 55744

$1,900,000

7(a)

Frandsen Bank and Trust$61K/job · 2023-10-13

SAMMY'S PIZZA IN HIBBING

Grand Rapids, MN · 55744

$1,650,000

7(a)

North Shore Bank of Commerce2001-12-11

HAMMERLUND CONSTRUCTION

Grand Rapids, MN · 55744

$1,450,000

7(a)

Park State Bank2002-09-18

Northland Machine, Inc.

Grand Rapids, MN · 55744

$1,378,000

7(a)

Park State Bank$48K/job · 2010-02-03

Kubela Flooring Inc

Grand Rapids, MN · 55744

$1,372,500

7(a)

Readycap Lending, LLC$114K/job · 2025-04-09

MNSTAR Technologies, Inc.

Grand Rapids, MN · 55744

$1,200,000

7(a)

CRF Small Business Loan Company, LLC$10K/job · 2012-01-11

Hariom Hospitality Four LLC

Grand Rapids, MN · 55744

$1,113,000

504

Amplio Economic Development Corporation$1.1M/job · 2016-12-09

Pohl Creek Logging Inc

Grand Rapids, MN · 55744

$1,047,000

7(a)

Park State Bank$524K/job · 2009-10-01

Iron Range Holdings, LLC

Grand Rapids, MN · 55744

$954,000

504

WBD, Inc.$60K/job · 2021-08-13

Paramount Materials, Inc.

Grand Rapids, MN · 55744

$932,400

7(a)

The Bank of Elk River$186K/job · 2022-03-14

CJ TABKE CORPORATION

Grand Rapids, MN · 55744

$932,000

7(a)

BankVista$155K/job · 2020-11-18

ARROWHEAD PROMOTION & FULFILLM

Grand Rapids, MN · 55744

$858,000

504

Midwest Business Finance Corporation$5K/job · 1995-11-30

West Missabe Orthodontics

Grand Rapids, MN · 55744

$828,300

7(a)

Wells Fargo Bank National Association$166K/job · 2018-06-01

MNSTAR Technologies, Inc.

Grand Rapids, MN · 55744

$823,000

504

Midwest Business Finance Corporation$3K/job · 2005-01-26

HH Holdings, LLC

Grand Rapids, MN · 55744

$816,000

504

Midwest Business Finance Corporation$58K/job · 2020-12-15

Grand Custard LLC

Grand Rapids, MN · 55744

$784,000

504

Amplio Economic Development Corporation$20K/job · 2021-02-13

DC Manufacturing

Grand Rapids, MN · 55744

$745,000

504

Midwest Business Finance Corporation$124K/job · 2012-10-16

GRAND CUSTARD LLC

Grand Rapids, MN · 55744

$706,000

7(a)

Wells Fargo Bank National Association$6K/job · 2017-02-27

LISA M. JOHNSON

Grand Rapids, MN · 55744

$690,000

504

Midwest Business Finance Corporation$690K/job · 2010-04-14

CJ Tabke Corporation

Grand Rapids, MN · 55744

$679,000

7(a)

U.S. Bank, National Association$170K/job · 2024-08-05

1–25 of 272

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