SBA Loans in Pelican Rapids, MN

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

Total SBA loans

all programs

Approved $

$11.0M

last 24 months

Avg loan

$220K

median $245K

Active lenders

approved here

Jobs supported

301

cumulative

Loan activity map

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PELICAN RAPIDS · 50 LOANS

Top lenders in Pelican Rapids

Wells Fargo Bank National Association

Bell Bank

Minnesota National Bank

Midwest Business Finance Corporation

Aspire Bank

Bravera Bank

Top industries in Pelican Rapids

Hotels (except Casino Hotels) and Motels

All Other General Merchandise Stores

Hardware Stores

"Beer, Wine, and Liquor Stores"

"Sewing, Needlework, and Piece Goods Stores"

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Loan records · Pelican Rapids, MN

50 records

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Borrower

Location

Program

Industry

ECR Assets LLC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$1,410,000

$118K

7(a)

All Other General Merchandise Stores

2017-07-11

Xtreme Insulation Technologies, LLC T Bank, National Association

Pelican Rapids, MN

56572

$1,076,000

$154K

7(a)

"Roofing, Siding, and Insulation Material Merchant Wholesalers"

2015-07-28

Lakeland Smiles, PLLC Live Oak Banking Company

Pelican Rapids, MN

56572

$984,000

$141K

7(a)

Offices of Dentists

2021-02-02

ECR Assets LLC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$893,600

$43K

7(a)

All Other General Merchandise Stores

2018-12-21

Peralta Investments Inc.Unity Bank

Pelican Rapids, MN

56572

$754,200

$42K

7(a)

Limited-Service Restaurants

2023-05-25

LARRY'S SUPER MARKET OF PELICA Midwest Business Finance Corporation

Pelican Rapids, MN

56572

$419,000

$13K

504

—

1997-01-28

LAKELAND TRUE VALUE HARDWARE Bell Bank

Pelican Rapids, MN

56572

$355,000

—

7(a)

Hardware Stores

1992-04-27

ECR Assets LLC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$350,000

$29K

7(a)

All Other General Merchandise Stores

2017-07-14

MARK D. FARNAM REAL ESTATE LLL Dakota Business Lending

Pelican Rapids, MN

56572

$331,000

$3K

504

Automotive Parts and Accessories Stores

2003-01-30

DANIEL R & JANE R WOOD AND CRO Stearns Bank National Association

Pelican Rapids, MN

56572

$325,000

$81K

7(a)

Hotels (except Casino Hotels) and Motels

2004-05-25

Cormorant Enterprise, Inc.Midwest Business Finance Corporation

Pelican Rapids, MN

56572

$305,000

$34K

504

Hotels (except Casino Hotels) and Motels

2002-09-27

Cormorant Group, LLC Aspire Bank

Pelican Rapids, MN

56572

$250,000

$25K

7(a)

Gasoline Stations with Convenience Stores

2021-08-31

Henkes Property Management, LLC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$222,000

$15K

7(a)

Veterinary Services

2012-12-14

PELICAN MOTEL, CHRIS & JUDY ME Bell Bank

Pelican Rapids, MN

56572

$210,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2005-11-14

MTC TECHNOLOGIES INC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$200,000

—

7(a)

Industrial Machinery and Equipment Wholesalers

1995-04-24

SOUTHTOWN OF PELICAN RAPIDS Midwest Business Finance Corporation

Pelican Rapids, MN

56572

$176,000

$29K

504

—

1997-10-10

LAKELAND GENERAL STORE, INC.Bell Bank

Pelican Rapids, MN

56572

$165,000

—

7(a)

Hardware Stores

1997-05-12

CONSTRUCTION GUIDE,LLC Bell Bank

Pelican Rapids, MN

56572

$161,800

—

7(a)

Newspaper Publishers

2001-06-21

CORMORANT INN & SUITES Bell Bank

Pelican Rapids, MN

56572

$155,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2006-05-09

Birch Construction Inc Heritage Bank Inc

Pelican Rapids, MN

56572

$150,000

$150K

7(a)

New Single-Family Housing Construction (except Operative Builders)

2024-01-06

Fisher Properties of Cormorant, Inc Old National Bank

Pelican Rapids, MN

56511

$147,500

$49K

7(a)

"Beer, Wine, and Liquor Stores"

2015-04-29

PELICAN VALLEY AGENCY INC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$140,000

—

7(a)

—

1994-12-20

Air Tight Insulation of Pelican Rapids, LLC Northeast Bank

Pelican Rapids, MN

56572

$125,000

$42K

7(a)

Drywall and Insulation Contractors

2016-02-26

Envy Salon & Spa, LLC Wells Fargo Bank National Association

Pelican Rapids, MN

56572

$120,000

$60K

7(a)

Beauty Salons

2009-07-30

MEM Enterprises LLC Old National Bank

Pelican Rapids, MN

56572

$112,500

$113K

7(a)

"Beer, Wine, and Liquor Stores"

2015-04-29

ECR Assets LLC

Pelican Rapids, MN · 56572

$1,410,000

7(a)

Wells Fargo Bank National Association$118K/job · 2017-07-11

Xtreme Insulation Technologies, LLC

Pelican Rapids, MN · 56572

$1,076,000

7(a)

T Bank, National Association$154K/job · 2015-07-28

Lakeland Smiles, PLLC

Pelican Rapids, MN · 56572

$984,000

7(a)

Live Oak Banking Company$141K/job · 2021-02-02

ECR Assets LLC

Pelican Rapids, MN · 56572

$893,600

7(a)

Wells Fargo Bank National Association$43K/job · 2018-12-21

Peralta Investments Inc.

Pelican Rapids, MN · 56572

$754,200

7(a)

Unity Bank$42K/job · 2023-05-25

LARRY'S SUPER MARKET OF PELICA

Pelican Rapids, MN · 56572

$419,000

504

Midwest Business Finance Corporation$13K/job · 1997-01-28

LAKELAND TRUE VALUE HARDWARE

Pelican Rapids, MN · 56572

Pelican Rapids, MN · 56572

$350,000

7(a)

Wells Fargo Bank National Association$29K/job · 2017-07-14

MARK D. FARNAM REAL ESTATE LLL

Pelican Rapids, MN · 56572

$331,000

504

Dakota Business Lending$3K/job · 2003-01-30

DANIEL R & JANE R WOOD AND CRO

Pelican Rapids, MN · 56572

$325,000

7(a)

Stearns Bank National Association$81K/job · 2004-05-25

Cormorant Enterprise, Inc.

Pelican Rapids, MN · 56572

$305,000

504

Midwest Business Finance Corporation$34K/job · 2002-09-27

Cormorant Group, LLC

Pelican Rapids, MN · 56572

$250,000

7(a)

Aspire Bank$25K/job · 2021-08-31

Henkes Property Management, LLC

Pelican Rapids, MN · 56572

$222,000

7(a)

Wells Fargo Bank National Association$15K/job · 2012-12-14

PELICAN MOTEL, CHRIS & JUDY ME

Pelican Rapids, MN · 56572

Pelican Rapids, MN · 56572

$200,000

7(a)

Wells Fargo Bank National Association1995-04-24

SOUTHTOWN OF PELICAN RAPIDS

Pelican Rapids, MN · 56572

$176,000

504

Midwest Business Finance Corporation$29K/job · 1997-10-10

LAKELAND GENERAL STORE, INC.

Pelican Rapids, MN · 56572

$165,000

7(a)

Bell Bank1997-05-12

CONSTRUCTION GUIDE,LLC

Pelican Rapids, MN · 56572

$161,800

7(a)

Bell Bank2001-06-21

CORMORANT INN & SUITES

Pelican Rapids, MN · 56572

$155,000

7(a)

Bell Bank2006-05-09

Birch Construction Inc

Pelican Rapids, MN · 56572

$150,000

7(a)

Heritage Bank Inc$150K/job · 2024-01-06

Fisher Properties of Cormorant, Inc

Pelican Rapids, MN · 56511

$147,500

7(a)

Old National Bank$49K/job · 2015-04-29

PELICAN VALLEY AGENCY INC

Pelican Rapids, MN · 56572

$140,000

7(a)

Wells Fargo Bank National Association1994-12-20

Air Tight Insulation of Pelican Rapids, LLC

Pelican Rapids, MN · 56572

$125,000

7(a)

Northeast Bank$42K/job · 2016-02-26

Envy Salon & Spa, LLC

Pelican Rapids, MN · 56572

$120,000

7(a)

Wells Fargo Bank National Association$60K/job · 2009-07-30

MEM Enterprises LLC

Pelican Rapids, MN · 56572

$112,500

7(a)

Old National Bank$113K/job · 2015-04-29

1–25 of 50

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