SBA Loans in Hanover, MN

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

$8.6M

last 24 months

Avg loan

$221K

median $245K

Active lenders

approved here

Jobs supported

265

cumulative

Loan activity map

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HANOVER · 39 LOANS

Top lenders in Hanover

Wells Fargo Bank National Association

Midwest Business Finance Corporation

BANKWEST

The Huntington National Bank

U.S. Bank, National Association

Bravera Bank

Top industries in Hanover

All Other Specialty Trade Contractors

Administrative Management and General Management Consulting Services

Custom Computer Programming Services

Human Resources and Executive Search Consulting Services

Rubber Product Manufacturing for Mechanical Use

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Loan records · Hanover, MN

39 records

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Borrower

Location

Program

Industry

Astro Engineering & Manufacturing Inc BANKWEST

Hanover, MN

55341

$1,250,000

$31K

7(a)

All Other Miscellaneous Fabricated Metal Product Manufacturing

2020-08-28

Bridgewater at Hanover LLC Midwest Business Finance Corporation

Hanover, MN

55341

$1,007,000

$67K

504

Nursing Care Facilities

2017-05-17

BIG BORE BARBECUE COMPANY Byline Bank

Hanover, MN

55341

$915,000

$57K

7(a)

Full-Service Restaurants

2019-06-25

Hanover Dental PLLC Live Oak Banking Company

Hanover, MN

55341

$838,000

$210K

7(a)

Offices of Dentists

2017-12-14

PEARSON BROS INC Twin Cities-Metro Certified Development Company

Hanover, MN

55341

$456,000

$16K

504

"Highway, Street, and Bridge Construction"

2005-10-12

BUFFALO EYE CLINIC Midwest Business Finance Corporation

Hanover, MN

55341

$384,000

$35K

504

Offices of Optometrists

2002-11-04

Astro Engineering & Manufacturing, Inc.Central Minnesota Development Company

Hanover, MN

55341

$380,000

$76K

504

Fabricated Structural Metal Manufacturing

2013-06-11

The Brinkhoff Group LLC The Huntington National Bank

Hanover, MN

55341

$343,000

$172K

7(a)

All Other Specialty Trade Contractors

2024-10-25

RJM Self Storage, LLC Midwest Business Finance Corporation

Hanover, MN

55341

$326,000

$163K

504

Lessors of Miniwarehouses and Self-Storage Units

2015-07-07

Plug Technologies, Inc.Central Minnesota Development Company

Hanover, MN

55341

$216,000

$27K

504

Rubber Product Manufacturing for Mechanical Use

2013-02-20

Plug Technologies, Inc.Minnesota Lakes Bank

Hanover, MN

55341

$208,000

$23K

7(a)

Rubber Product Manufacturing for Mechanical Use

2013-03-05

MARK MILLER TRUCKING, INC BANKWEST

Hanover, MN

55341

$205,000

$8K

7(a)

"General Freight Trucking, Local"

2010-03-26

Bridgewater at Hanover LLC Community Bank Mankato

Hanover, MN

55341

$200,000

$9K

7(a)

Offices of All Other Miscellaneous Health Practitioners

2017-08-17

SUBURBAN ELECTRIC, INC.Minnwest Bank

Hanover, MN

55341

$150,000

–

7(a)

Hydroelectric Power Generation

2003-08-01

C L PAULSON & ASSOCIATES INC Midwest Business Finance Corporation

Hanover, MN

55341

$131,000

$11K

504

Lumber, Plywood, Millwork, and Wood Panel Wholesalers

1994-12-12

CUSTOM LINE PRODUCTS CO Wells Fargo Bank National Association

Hanover, MN

55341

$130,000

$26K

7(a)

Other Building Material Dealers

2003-12-12

RJ STAR INC.Heritage Bank, National Association

Hanover, MN

55341

$130,000

–

7(a)

–

1997-05-12

Ener- Tech Systems, Inc.Wells Fargo Bank National Association

Hanover, MN

55341

$127,000

$64K

7(a)

Other Scientific and Technical Consulting Services

2007-02-22

Codex Corporation Choice Financial Group

Hanover, MN

55341

$125,000

–

7(a)

Custom Computer Programming Services

2013-09-30

EDGE MORTGAGE AND LENDING, INC First National Bank

Hanover, MN

55341

$120,000

–

7(a)

Mortgage and Nonmortgage Loan Brokers

2006-11-14

Codex Corporation Choice Financial Group

Hanover, MN

55341

$100,000

–

7(a)

Custom Computer Programming Services

2013-09-30

MBB Construction Services Inc.Bravera Bank

Hanover, MN

55341

$100,000

$50K

7(a)

All Other Specialty Trade Contractors

2019-07-03

Cinch Systems Inc.Deerwood Bank

Hanover, MN

55340

$100,000

$8K

7(a)

All Other Miscellaneous Electrical Equipment and Component Manufacturing

2009-03-24

HRIZONS LLC U.S. Bank, National Association

Hanover, MN

55341

$100,000

$7K

7(a)

Human Resources and Executive Search Consulting Services

2011-07-19

HWS, LLC BANKWEST

Hanover, MN

55341

$80,000

$13K

7(a)

"Beer, Wine, and Liquor Stores"

2012-04-16

Astro Engineering & Manufacturing Inc

Hanover, MN · 55341

$1,250,000

7(a)

BANKWEST$31K/job · 2020-08-28

Bridgewater at Hanover LLC

Hanover, MN · 55341

$1,007,000

504

Midwest Business Finance Corporation$67K/job · 2017-05-17

BIG BORE BARBECUE COMPANY

Hanover, MN · 55341

$915,000

7(a)

Byline Bank$57K/job · 2019-06-25

Live Oak Banking Company$210K/job · 2017-12-14

Twin Cities-Metro Certified Development Company$16K/job · 2005-10-12

Midwest Business Finance Corporation$35K/job · 2002-11-04

Astro Engineering & Manufacturing, Inc.

Hanover, MN · 55341

$380,000

504

Central Minnesota Development Company$76K/job · 2013-06-11

The Brinkhoff Group LLC

Hanover, MN · 55341

$343,000

7(a)

The Huntington National Bank$172K/job · 2024-10-25

RJM Self Storage, LLC

Hanover, MN · 55341

$326,000

504

Midwest Business Finance Corporation$163K/job · 2015-07-07

Plug Technologies, Inc.

Hanover, MN · 55341

$216,000

504

Central Minnesota Development Company$27K/job · 2013-02-20

Plug Technologies, Inc.

Hanover, MN · 55341

$208,000

7(a)

Minnesota Lakes Bank$23K/job · 2013-03-05

MARK MILLER TRUCKING, INC

Hanover, MN · 55341

$205,000

7(a)

BANKWEST$8K/job · 2010-03-26

Bridgewater at Hanover LLC

Hanover, MN · 55341

$200,000

7(a)

Community Bank Mankato$9K/job · 2017-08-17

SUBURBAN ELECTRIC, INC.

Hanover, MN · 55341

$150,000

7(a)

Minnwest Bank2003-08-01

C L PAULSON & ASSOCIATES INC

Hanover, MN · 55341

$131,000

504

Midwest Business Finance Corporation$11K/job · 1994-12-12

CUSTOM LINE PRODUCTS CO

Hanover, MN · 55341

$130,000

7(a)

Wells Fargo Bank National Association$26K/job · 2003-12-12

Heritage Bank, National Association1997-05-12

Ener- Tech Systems, Inc.

Hanover, MN · 55341

$127,000

7(a)

Wells Fargo Bank National Association$64K/job · 2007-02-22

Choice Financial Group2013-09-30

EDGE MORTGAGE AND LENDING, INC

Hanover, MN · 55341

$120,000

7(a)

First National Bank2006-11-14

Choice Financial Group2013-09-30

MBB Construction Services Inc.

Hanover, MN · 55341

$100,000

7(a)

Bravera Bank$50K/job · 2019-07-03

Deerwood Bank$8K/job · 2009-03-24

U.S. Bank, National Association$7K/job · 2011-07-19

BANKWEST$13K/job · 2012-04-16

1–25 of 39

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