SBA Loans in Hermantown, MN

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

Total SBA loans

all programs

Approved $

$21.7M

last 24 months

Avg loan

$319K

median $245K

Active lenders

approved here

Jobs supported

659

cumulative

Loan activity map

Open full map

HERMANTOWN · 68 LOANS

Top lenders in Hermantown

Wells Fargo Bank National Association

Midwest Business Finance Corporation

Park State Bank

National Bank of Commerce

Northeast Entrepreneur Fund, Inc.

Frandsen Bank and Trust

Top industries in Hermantown

Full-Service Restaurants

All Other Specialty Trade Contractors

Landscaping Services

Marketing Consulting Services

"Plumbing, Heating, and Air-Conditioning Contractors"

NEXT STEP

Get matched with lenders active in Hermantown

We'll match your business profile against the 21 lenders that have actually approved SBA loans here.

Find lenders in this city

Loan records · Hermantown, MN

68 records

Sort:

Borrower

Location

Program

Industry

Duluth Investments Group LLC GBank

Hermantown, MN

55811

$4,073,000

$2.0M

7(a)

Hotels (except Casino Hotels) and Motels

2022-08-02

STEPPING STONES FOR LIVING LLC Midwest Business Finance Corporation

Hermantown, MN

55811

$1,968,000

$66K

504

Services for the Elderly and Persons with Disabilities

2008-09-19

Relf Eye Associates P.A.Amplio Economic Development Corporation

Hermantown, MN

55811

$1,693,000

$85K

504

Offices of Optometrists

2009-11-22

Larry Trachsel & Ben Pearson, Inc.North Shore Bank of Commerce

Hermantown, MN

55810

$1,630,000

$82K

7(a)

All Other Specialty Trade Contractors

2021-08-25

Larry Trachsel & Ben Pearson, Inc.Park State Bank

Hermantown, MN

55810

$1,100,000

$50K

7(a)

Asphalt Paving Mixture and Block Manufacturing

2017-11-15

Duluth Pediatric Dentistry PLLP Midwest Business Finance Corporation

Hermantown, MN

55811

$718,000

$90K

504

Offices of Dentists

2010-03-26

AIRPORT ANIMAL HOSPITAL, P.A.Midwest Business Finance Corporation

Hermantown, MN

55811

$582,000

$194K

504

Veterinary Services

2017-04-27

Nordic Underwater Services, Inc.Frandsen Bank and Trust

Hermantown, MN

55811

$500,000

$16K

7(a)

Engineering Services

2018-11-27

Larry Trachsel & Ben Pearson, Inc.North Shore Bank of Commerce

Hermantown, MN

55810

$500,000

$28K

7(a)

All Other Specialty Trade Contractors

2022-09-23

STEPPING STONES FOR LIVING, LL Wells Fargo Bank National Association

Hermantown, MN

55724

$480,000

–

7(a)

Continuing Care Retirement Communities

2003-01-14

Hovland, Inc Members Cooperative Credit Union

Hermantown, MN

55811

$475,000

$18K

7(a)

Poured Concrete Foundation and Structure Contractors

2013-11-05

Kelland Properties, LLC Midwest Business Finance Corporation

Hermantown, MN

55811

$397,000

$199K

504

All Other Support Activities for Transportation

2024-10-30

Twin Ports Properties LLC Midwest Business Finance Corporation

Hermantown, MN

55811

$391,000

–

504

Automotive Parts and Accessories Stores

2019-10-22

Autobahn Sales & Service, LLC Frandsen Bank and Trust

Hermantown, MN

55811

$388,800

$194K

7(a)

General Automotive Repair

2021-08-11

BNS Ventures, LLC Old National Bank

Hermantown, MN

55811

$346,200

–

7(a)

Full-Service Restaurants

2018-09-18

NORTHERN ENVIRONMENTAL SERVICE B2 Bank National Association

Hermantown, MN

55810

$325,000

$7K

7(a)

Remediation Services

2005-05-05

Hovland, Inc Members Cooperative Credit Union

Hermantown, MN

55811

$325,000

$12K

7(a)

Poured Concrete Foundation and Structure Contractors

2013-11-05

BNS Ventures, LLC Old National Bank

Hermantown, MN

55811

$316,800

$15K

7(a)

Full-Service Restaurants

2016-07-11

Greenscape Services LLP National Bank of Commerce

Hermantown, MN

55811

$315,000

$39K

7(a)

Landscaping Services

2022-02-17

Larry Trachsel & Ben Pearson, Inc.North Shore Bank of Commerce

Hermantown, MN

55810

$300,000

$15K

7(a)

All Other Specialty Trade Contractors

2021-08-30

Excel North Physical Therapy & Performance, LLC Park State Bank

Hermantown, MN

55811

$300,000

$38K

7(a)

"Offices of Physical, Occupational and Speech Therapists, and Audiologists"

2022-02-15

Bayfront BBQ Inc.North Shore Bank of Commerce

Hermantown, MN

55811

$295,000

$12K

7(a)

Full-Service Restaurants

2022-05-09

Kidz Kollege Learning Center Incorporate Midwest Business Finance Corporation

Hermantown, MN

55811

$278,000

$19K

504

All Other Personal Services

2009-04-20

This Little Piggy, LLC Bank Five Nine

Hermantown, MN

55811

$265,000

$265K

7(a)

Full-Service Restaurants

2014-03-19

BIG APPLE BAGELS Wells Fargo Bank National Association

Hermantown, MN

55811

$236,800

$8K

7(a)

Limited-Service Restaurants

2002-01-16

Duluth Investments Group LLC

Hermantown, MN · 55811

$4,073,000

7(a)

GBank$2.0M/job · 2022-08-02

STEPPING STONES FOR LIVING LLC

Hermantown, MN · 55811

$1,968,000

504

Midwest Business Finance Corporation$66K/job · 2008-09-19

Relf Eye Associates P.A.

Hermantown, MN · 55811

$1,693,000

504

Amplio Economic Development Corporation$85K/job · 2009-11-22

Larry Trachsel & Ben Pearson, Inc.

Hermantown, MN · 55810

$1,630,000

7(a)

North Shore Bank of Commerce$82K/job · 2021-08-25

Larry Trachsel & Ben Pearson, Inc.

Hermantown, MN · 55810

$1,100,000

7(a)

Park State Bank$50K/job · 2017-11-15

Duluth Pediatric Dentistry PLLP

Hermantown, MN · 55811

$718,000

504

Midwest Business Finance Corporation$90K/job · 2010-03-26

AIRPORT ANIMAL HOSPITAL, P.A.

Hermantown, MN · 55811

$582,000

504

Midwest Business Finance Corporation$194K/job · 2017-04-27

Nordic Underwater Services, Inc.

Hermantown, MN · 55811

$500,000

7(a)

Frandsen Bank and Trust$16K/job · 2018-11-27

Larry Trachsel & Ben Pearson, Inc.

Hermantown, MN · 55810

$500,000

7(a)

North Shore Bank of Commerce$28K/job · 2022-09-23

STEPPING STONES FOR LIVING, LL

Hermantown, MN · 55724

$480,000

7(a)

Wells Fargo Bank National Association2003-01-14

Hovland, Inc

Hermantown, MN · 55811

$475,000

7(a)

Members Cooperative Credit Union$18K/job · 2013-11-05

Kelland Properties, LLC

Hermantown, MN · 55811

$397,000

504

Midwest Business Finance Corporation$199K/job · 2024-10-30

Twin Ports Properties LLC

Hermantown, MN · 55811

$391,000

504

Midwest Business Finance Corporation2019-10-22

Autobahn Sales & Service, LLC

Hermantown, MN · 55811

$388,800

7(a)

Frandsen Bank and Trust$194K/job · 2021-08-11

BNS Ventures, LLC

Hermantown, MN · 55811

$346,200

7(a)

Old National Bank2018-09-18

NORTHERN ENVIRONMENTAL SERVICE

Hermantown, MN · 55810

$325,000

7(a)

B2 Bank National Association$7K/job · 2005-05-05

Hovland, Inc

Hermantown, MN · 55811

$325,000

7(a)

Members Cooperative Credit Union$12K/job · 2013-11-05

BNS Ventures, LLC

Hermantown, MN · 55811

$316,800

7(a)

Old National Bank$15K/job · 2016-07-11

Greenscape Services LLP

Hermantown, MN · 55811

$315,000

7(a)

National Bank of Commerce$39K/job · 2022-02-17

Larry Trachsel & Ben Pearson, Inc.

Hermantown, MN · 55810

$300,000

7(a)

North Shore Bank of Commerce$15K/job · 2021-08-30

Excel North Physical Therapy & Performance, LLC

Hermantown, MN · 55811

$300,000

7(a)

Park State Bank$38K/job · 2022-02-15

Bayfront BBQ Inc.

Hermantown, MN · 55811

$295,000

7(a)

North Shore Bank of Commerce$12K/job · 2022-05-09

Kidz Kollege Learning Center Incorporate

Hermantown, MN · 55811

$278,000

504

Midwest Business Finance Corporation$19K/job · 2009-04-20

This Little Piggy, LLC

Hermantown, MN · 55811

$265,000

7(a)

Bank Five Nine$265K/job · 2014-03-19

BIG APPLE BAGELS

Hermantown, MN · 55811

$236,800

7(a)

Wells Fargo Bank National Association$8K/job · 2002-01-16

1–25 of 68

Page 1 of 3

Other active MN cities