SBA Loans in Melrose, MN

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

Total SBA loans

all programs

Approved $

$21.5M

last 24 months

Avg loan

$255K

median $245K

Active lenders

approved here

Jobs supported

638

cumulative

Loan activity map

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MELROSE · 84 LOANS

Top lenders in Melrose

Freeport State Bank

Magnifi Financial CU

Midwest Business Finance Corporation

Old National Bank

U.S. Bank, National Association

Kensington Bank

Top industries in Melrose

Mobile Food Services

"General Freight Trucking, Long-Distance, Truckload"

Gasoline Stations with Convenience Stores

Machine Shops

Boat Dealers

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Loan records · Melrose, MN

84 records

Sort:

Borrower

Location

Program

Industry

Campbell Enterprises Northwest Inc.The Bank of Elk River

Melrose, MN

56352

$1,110,000

$53K

7(a)

Machine Shops

2021-10-21

DM COOK INC U.S. Bank, National Association

Melrose, MN

56352

$960,000

$120K

7(a)

Gasoline Stations with Convenience Stores

2004-04-15

MELROSE ELECTRIC, INC Freeport State Bank

Melrose, MN

56352

$850,000

$17K

7(a)

Electrical Contractors

2009-11-02

TOTAL EXPRESS OF MELROSE, INC.Freeport State Bank

Melrose, MN

56352

$812,000

—

7(a)

Gasoline Stations with Convenience Stores

2005-04-08

Carstens Industries Fiberglass Manufacturing, Inc.Midwest Business Finance Corporation

Melrose, MN

56352

$782,000

$156K

504

—

2024-05-16

Borgmann Disposal Services, LLC Choice Financial Group

Melrose, MN

56362

$691,500

$138K

7(a)

Solid Waste Collection

2022-08-04

FUNK'S MIDWAY DAIRY U.S. Bank, National Association

Melrose, MN

56352

$691,000

—

7(a)

—

1997-03-07

Boomerang Marine and Powersports, Incorporated Freeport State Bank

Melrose, MN

56352

$645,000

$129K

7(a)

Motorcycle Dealers

2007-05-14

Melrose Metalworks, Inc Freeport State Bank

Melrose, MN

56352

$641,500

—

7(a)

Rolling Mill Machinery and Equipment Manufacturing

2005-06-08

MELROSE JUBILEE U.S. Bank, National Association

Melrose, MN

56352

$610,000

—

7(a)

—

1991-01-30

Midwest Automatic Products Inc.Midwest Business Finance Corporation

Melrose, MN

56352

$518,000

$22K

504

Machine Shops

2021-11-16

BOOMERANG MARINE AND POWERSPORTS, INCORPORATED Freeport State Bank

Melrose, MN

56352

$500,000

$100K

7(a)

Boat Dealers

2016-07-18

Warrior Boats, Inc.Freeport State Bank

Melrose, MN

56352

$500,000

$100K

7(a)

Boat Building

2012-01-24

Boomerang Marine and Powersports, Incorporated Freeport State Bank

Melrose, MN

56352

$500,000

$100K

7(a)

Other Gasoline Stations

2010-09-30

FUNKY'S RESTAURANT Kensington Bank

Melrose, MN

56352

$470,000

—

7(a)

Full-Service Restaurants

2003-09-29

Some Like It Hot LLC Minnwest Bank

Melrose, MN

56352

$460,700

$42K

7(a)

Limited-Service Restaurants

2025-03-25

MELROSE PHARMACY Magnifi Financial CU

Melrose, MN

56352

$459,000

—

7(a)

Pharmacies and Drug Stores

2001-12-03

CONCEPT PROCESSING, LLC.Freeport State Bank

Melrose, MN

56352

$417,000

$209K

7(a)

Dairy Product (except Dried or Canned) Merchant Wholesalers

2011-01-20

CONCEPT PROCESSING, LLC Old National Bank

Melrose, MN

56352

$411,500

$103K

7(a)

Fluid Milk Manufacturing

2007-11-06

Melrose Metalworks, Inc Freeport State Bank

Melrose, MN

56353

$410,000

$13K

7(a)

Fabricated Structural Metal Manufacturing

2010-05-25

MELROSE CONOCO, INC.Old National Bank

Melrose, MN

56352

$365,000

—

7(a)

—

1991-06-13

Petro Plus Convenience Center Midwest Business Finance Corporation

Melrose, MN

56352

$365,000

$46K

504

Gasoline Stations with Convenience Stores

2015-03-05

Melrose Metalworks, Inc Freeport State Bank

Melrose, MN

56352

$350,000

$11K

7(a)

Cutting Tool and Machine Tool Accessory Manufacturing

2009-03-04

NAPA AUTO PARTS ALEXANDRIA AND Magnifi Financial CU

Melrose, MN

56352

$350,000

$29K

7(a)

Automotive Parts and Accessories Stores

2008-06-10

MELROSE AG SERVICE, LLC Magnifi Financial CU

Melrose, MN

56352

$349,020

$39K

7(a)

"Soil Preparation, Planting, and Cultivating"

2008-01-25

Campbell Enterprises Northwest Inc.

Melrose, MN · 56352

$1,110,000

7(a)

The Bank of Elk River$53K/job · 2021-10-21

U.S. Bank, National Association$120K/job · 2004-04-15

MELROSE ELECTRIC, INC

Melrose, MN · 56352

$850,000

7(a)

Freeport State Bank$17K/job · 2009-11-02

TOTAL EXPRESS OF MELROSE, INC.

Melrose, MN · 56352

$812,000

7(a)

Freeport State Bank2005-04-08

Carstens Industries Fiberglass Manufacturing, Inc.

Melrose, MN · 56352

$782,000

504

Midwest Business Finance Corporation$156K/job · 2024-05-16

Borgmann Disposal Services, LLC

Melrose, MN · 56362

$691,500

7(a)

Choice Financial Group$138K/job · 2022-08-04

U.S. Bank, National Association1997-03-07

Boomerang Marine and Powersports, Incorporated

Melrose, MN · 56352

$645,000

7(a)

Freeport State Bank$129K/job · 2007-05-14

Melrose Metalworks, Inc

Melrose, MN · 56352

$641,500

7(a)

Freeport State Bank2005-06-08

U.S. Bank, National Association1991-01-30

Midwest Automatic Products Inc.

Melrose, MN · 56352

$518,000

504

Midwest Business Finance Corporation$22K/job · 2021-11-16

BOOMERANG MARINE AND POWERSPORTS, INCORPORATED

Melrose, MN · 56352

$500,000

7(a)

Freeport State Bank$100K/job · 2016-07-18

Freeport State Bank$100K/job · 2012-01-24

Boomerang Marine and Powersports, Incorporated

Melrose, MN · 56352

$500,000

7(a)

Freeport State Bank$100K/job · 2010-09-30

Kensington Bank2003-09-29

Minnwest Bank$42K/job · 2025-03-25

Magnifi Financial CU2001-12-03

CONCEPT PROCESSING, LLC.

Melrose, MN · 56352

$417,000

7(a)

Freeport State Bank$209K/job · 2011-01-20

CONCEPT PROCESSING, LLC

Melrose, MN · 56352

$411,500

7(a)

Old National Bank$103K/job · 2007-11-06

Melrose Metalworks, Inc

Melrose, MN · 56353

$410,000

7(a)

Freeport State Bank$13K/job · 2010-05-25

Old National Bank1991-06-13

Petro Plus Convenience Center

Melrose, MN · 56352

$365,000

504

Midwest Business Finance Corporation$46K/job · 2015-03-05

Melrose Metalworks, Inc

Melrose, MN · 56352

$350,000

7(a)

Freeport State Bank$11K/job · 2009-03-04

NAPA AUTO PARTS ALEXANDRIA AND

Melrose, MN · 56352

$350,000

7(a)

Magnifi Financial CU$29K/job · 2008-06-10

MELROSE AG SERVICE, LLC

Melrose, MN · 56352

$349,020

7(a)

Magnifi Financial CU$39K/job · 2008-01-25

1–25 of 84

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