SBA Loans in New Ulm, MN

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

Total SBA loans

148

all programs

Approved $

$39.1M

last 24 months

Avg loan

$264K

median $245K

Active lenders

approved here

Jobs supported

1,004

cumulative

Loan activity map

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NEW ULM · 148 LOANS

Top lenders in New Ulm

United Prairie Bank

Frandsen Bank and Trust

Wells Fargo Bank National Association

Southeastern Minnesota 504 Development Corporation

Midwest Business Finance Corporation

Alliance Bank

Top industries in New Ulm

Limited-Service Restaurants

All Other Miscellaneous Store Retailers (except Tobacco Stores)

Full-Service Restaurants

Hotels (except Casino Hotels) and Motels

Offices of Chiropractors

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Loan records · New Ulm, MN

148 records

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Borrower

Location

Program

Industry

MVT, Inc Lincoln Savings Bank

New Ulm, MN

56073

$5,000,000

$5.0M

7(a)

"General Freight Trucking, Long-Distance, Truckload"

2019-07-09

NEW ULM STEEL & RECYCLING INC Bank Midwest

New Ulm, MN

56073

$1,625,000

$271K

7(a)

Other Construction Material Merchant Wholesalers

2020-07-22

NEW ULM STEEL & RECYCLING INC Bank Midwest

New Ulm, MN

56073

$1,600,000

$267K

7(a)

Other Construction Material Merchant Wholesalers

2020-07-20

Shelter Products, Inc.Old National Bank

New Ulm, MN

56073

$1,450,000

$44K

7(a)

Other Construction Material Merchant Wholesalers

2013-04-18

DLC Manufacturing & Fabrication, Inc.Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$1,437,000

$479K

504

Sheet Metal Work Manufacturing

2018-08-28

Shelter Products, Inc.Citizens Bank Minnesota

New Ulm, MN

56073

$1,200,000

$41K

7(a)

"Roofing, Siding, and Insulation Material Merchant Wholesalers"

2011-03-04

Beacon Promotions, Inc.Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$907,000

$45K

504

Advertising Agencies

2007-03-02

Beacon Promotions, Inc.Midwest Business Finance Corporation

New Ulm, MN

56073

$896,000

$12K

504

Other Commercial Printing

2007-01-16

RIDGEWAY ON GERMAN Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$783,000

$78K

504

–

1998-03-23

M.R. Paving and Excavating, Inc.Midwest Business Finance Corporation

New Ulm, MN

56073

$759,000

$127K

504

"Highway, Street, and Bridge Construction"

2011-12-29

ANDERSON NEW ULM ENTERPRISES L Wells Fargo Bank National Association

New Ulm, MN

56073

$753,000

$58K

7(a)

Gasoline Stations with Convenience Stores

2005-09-29

DLC Manufacturing & Fabrication, Inc.Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$740,000

$247K

504

Sheet Metal Work Manufacturing

2014-02-07

AMERICAN ARTSTONE COMPANY Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$674,000

$18K

504

–

1996-11-20

Black Frost Properties, LLC Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$622,000

$89K

504

Distilleries

2021-07-19

PALM BEACH MARINECRAFT INC Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$610,000

$38K

504

–

1998-12-11

Microtel Inn & Suites of New Ulm Amplio Economic Development Corporation

New Ulm, MN

56073

$562,000

$562K

504

Hotels (except Casino Hotels) and Motels

2014-07-31

SAINA LLC Twin Cities-Metro Certified Development Company

New Ulm, MN

56073

$500,000

$167K

504

Hotels (except Casino Hotels) and Motels

2008-08-08

NEW ULM DAIRY QUEEN Stearns Bank National Association

New Ulm, MN

56073

$499,000

$55K

7(a)

Limited-Service Restaurants

2001-01-08

Janrey Inc.Wells Fargo Bank National Association

New Ulm, MN

56073

$466,000

$16K

7(a)

Limited-Service Restaurants

2016-07-08

DAVID R. HORNICK Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$463,000

$154K

504

All Other Miscellaneous Store Retailers (except Tobacco Stores)

2007-06-15

United Commercial Upholstery Inc.Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$457,000

$38K

504

Upholstered Household Furniture Manufacturing

2013-09-24

NEW ULM BUILDING CENTER INC Southeastern Minnesota 504 Development Corporation

New Ulm, MN

56073

$445,000

$148K

504

–

1995-11-28

PERKINS OF NEW ULM Wells Fargo Bank National Association

New Ulm, MN

56073

$425,000

–

7(a)

–

1991-03-06

KS TOOL & ENGINEERING, INC.Frandsen Bank and Trust

New Ulm, MN

56073

$400,000

–

7(a)

–

1993-01-27

GAG SHEET METAL, INC.United Prairie Bank

New Ulm, MN

56073

$400,000

–

7(a)

Roofing Contractors

2006-12-15

Lincoln Savings Bank$5.0M/job · 2019-07-09

NEW ULM STEEL & RECYCLING INC

New Ulm, MN · 56073

$1,625,000

7(a)

Bank Midwest$271K/job · 2020-07-22

NEW ULM STEEL & RECYCLING INC

New Ulm, MN · 56073

$1,600,000

7(a)

Bank Midwest$267K/job · 2020-07-20

Shelter Products, Inc.

New Ulm, MN · 56073

$1,450,000

7(a)

Old National Bank$44K/job · 2013-04-18

DLC Manufacturing & Fabrication, Inc.

New Ulm, MN · 56073

$1,437,000

504

Southeastern Minnesota 504 Development Corporation$479K/job · 2018-08-28

Shelter Products, Inc.

New Ulm, MN · 56073

$1,200,000

7(a)

Citizens Bank Minnesota$41K/job · 2011-03-04

Beacon Promotions, Inc.

New Ulm, MN · 56073

$907,000

504

Southeastern Minnesota 504 Development Corporation$45K/job · 2007-03-02

Beacon Promotions, Inc.

New Ulm, MN · 56073

$896,000

504

Midwest Business Finance Corporation$12K/job · 2007-01-16

Southeastern Minnesota 504 Development Corporation$78K/job · 1998-03-23

M.R. Paving and Excavating, Inc.

New Ulm, MN · 56073

$759,000

504

Midwest Business Finance Corporation$127K/job · 2011-12-29

ANDERSON NEW ULM ENTERPRISES L

New Ulm, MN · 56073

$753,000

7(a)

Wells Fargo Bank National Association$58K/job · 2005-09-29

DLC Manufacturing & Fabrication, Inc.

New Ulm, MN · 56073

$740,000

504

Southeastern Minnesota 504 Development Corporation$247K/job · 2014-02-07

AMERICAN ARTSTONE COMPANY

New Ulm, MN · 56073

$674,000

504

Southeastern Minnesota 504 Development Corporation$18K/job · 1996-11-20

Black Frost Properties, LLC

New Ulm, MN · 56073

$622,000

504

Southeastern Minnesota 504 Development Corporation$89K/job · 2021-07-19

PALM BEACH MARINECRAFT INC

New Ulm, MN · 56073

$610,000

504

Southeastern Minnesota 504 Development Corporation$38K/job · 1998-12-11

Microtel Inn & Suites of New Ulm

New Ulm, MN · 56073

$562,000

504

Amplio Economic Development Corporation$562K/job · 2014-07-31

Twin Cities-Metro Certified Development Company$167K/job · 2008-08-08

Stearns Bank National Association$55K/job · 2001-01-08

Wells Fargo Bank National Association$16K/job · 2016-07-08

Southeastern Minnesota 504 Development Corporation$154K/job · 2007-06-15

United Commercial Upholstery Inc.

New Ulm, MN · 56073

$457,000

504

Southeastern Minnesota 504 Development Corporation$38K/job · 2013-09-24

NEW ULM BUILDING CENTER INC

New Ulm, MN · 56073

$445,000

504

Southeastern Minnesota 504 Development Corporation$148K/job · 1995-11-28

Wells Fargo Bank National Association1991-03-06

KS TOOL & ENGINEERING, INC.

New Ulm, MN · 56073

$400,000

7(a)

Frandsen Bank and Trust1993-01-27

GAG SHEET METAL, INC.

New Ulm, MN · 56073

$400,000

7(a)

United Prairie Bank2006-12-15

1–25 of 148

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