SBA Loans in Red Lake Falls, MN

Explore recent SBA 7(a) and 504 lending activity in Red Lake Falls. 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 $

$9.5M

last 24 months

Avg loan

$306K

median $245K

Active lenders

approved here

Jobs supported

169

cumulative

Loan activity map

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RED LAKE FALLS · 31 LOANS

Top lenders in Red Lake Falls

Unity Bank

Ultima Bank Minnesota

Midwest Business Finance Corporation

Border Bank

Top industries in Red Lake Falls

Heating Equipment (except Warm Air Furnaces) Manufacturing

"General Freight Trucking, Local"

All Other Specialty Trade Contractors

Welding and Soldering Equipment Manufacturing

Fuel Dealers

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Loan records · Red Lake Falls, MN

31 records

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Borrower

Location

Program

Industry

HOMARK HOMES Midwest Business Finance Corporation

Red Lake Falls, MN

56750

$1,649,000

$165K

504

Manufactured Home (Mobile Home) Manufacturing

2006-07-17

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Ultima Bank Minnesota

Red Lake Falls, MN

56750

$1,575,000

$131K

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

2017-08-29

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Ultima Bank Minnesota

Red Lake Falls, MN

56750

$1,300,000

$108K

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

2017-08-29

Hillcrest Senior Living, Inc.Midwest Business Finance Corporation

Red Lake Falls, MN

56750

$688,000

$38K

504

Nursing Care Facilities

2014-08-12

Red Lake County Agency Inc.Unity Bank

Red Lake Falls, MN

56750

$455,000

$76K

7(a)

Insurance Agencies and Brokerages

2011-09-19

HILLCREST SENIOR LIVING INC Midwest Business Finance Corporation

Red Lake Falls, MN

56750

$443,000

$11K

504

Homes for the Elderly

2008-02-27

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Unity Bank

Red Lake Falls, MN

56750

$350,000

—

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

1999-02-26

BAYVIEW RESORT Unity Bank

Red Lake Falls, MN

56750

$330,000

$33K

7(a)

Rooming and Boarding Houses

2005-01-07

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Unity Bank

Red Lake Falls, MN

56750

$250,000

—

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

1996-06-14

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Unity Bank

Red Lake Falls, MN

56750

$250,000

—

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

1997-05-02

DAN'S TRUCKING Unity Bank

Red Lake Falls, MN

56750

$230,000

—

7(a)

—

1992-02-21

CHATEAU MOTEL AND LIQUOR Unity Bank

Red Lake Falls, MN

56750

$228,900

$57K

7(a)

Hotels (except Casino Hotels) and Motels

2008-11-13

CHATEAU MOTEL & LIQUOR Unity Bank

Red Lake Falls, MN

56750

$205,000

—

7(a)

—

1999-07-14

CHATEAU MOTEL & LIQUORS Unity Bank

Red Lake Falls, MN

56750

$178,000

—

7(a)

—

1994-02-03

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Ultima Bank Minnesota

Red Lake Falls, MN

56750

$150,000

$13K

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

2017-10-06

Ryan Wichterman Welding and Repair Shop Unity Bank

Red Lake Falls, MN

56750

$150,000

$38K

7(a)

Welding and Soldering Equipment Manufacturing

2012-10-10

TRF WELDING INC Border Bank

Red Lake Falls, MN

56750

$137,500

$69K

7(a)

Welding and Soldering Equipment Manufacturing

2007-03-16

BREVIK'S HARTZ MARKET Unity Bank

Red Lake Falls, MN

56750

$110,000

—

7(a)

—

1990-11-07

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Midwest Business Finance Corporation

Red Lake Falls, MN

56750

$105,000

$6K

504

Heating Equipment (except Warm Air Furnaces) Manufacturing

1998-02-13

SC INVESTMENTS LLC Ultima Bank Minnesota

Red Lake Falls, MN

56750

$100,000

$17K

7(a)

Fuel Dealers

2015-10-07

CHATEAU MOTEL & LIQUORS Unity Bank

Red Lake Falls, MN

56750

$75,000

—

7(a)

—

1996-04-17

NEIL TONGEN Unity Bank

Red Lake Falls, MN

56750

$71,000

$71K

7(a)

"General Freight Trucking, Local"

2004-01-30

Joe Di Maggio's Unity Bank

Red Lake Falls, MN

56750

$67,500

$7K

7(a)

Full-Service Restaurants

2014-12-01

Red Lake County Gazette LLC Unity Bank

Red Lake Falls, MN

56750

$66,300

$33K

7(a)

Newspaper Publishers

2025-03-27

NEIL TONGEN Unity Bank

Red Lake Falls, MN

56750

$61,800

$62K

7(a)

"General Freight Trucking, Local"

2007-03-20

HOMARK HOMES

Red Lake Falls, MN · 56750

$1,649,000

504

Midwest Business Finance Corporation$165K/job · 2006-07-17

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$1,575,000

7(a)

Ultima Bank Minnesota$131K/job · 2017-08-29

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$1,300,000

7(a)

Ultima Bank Minnesota$108K/job · 2017-08-29

Hillcrest Senior Living, Inc.

Red Lake Falls, MN · 56750

$688,000

504

Midwest Business Finance Corporation$38K/job · 2014-08-12

Red Lake County Agency Inc.

Red Lake Falls, MN · 56750

$455,000

7(a)

Unity Bank$76K/job · 2011-09-19

HILLCREST SENIOR LIVING INC

Red Lake Falls, MN · 56750

$443,000

504

Midwest Business Finance Corporation$11K/job · 2008-02-27

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

Red Lake Falls, MN · 56750

$330,000

7(a)

Unity Bank$33K/job · 2005-01-07

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$250,000

7(a)

Unity Bank1996-06-14

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

Red Lake Falls, MN · 56750

$230,000

7(a)

Unity Bank1992-02-21

CHATEAU MOTEL AND LIQUOR

Red Lake Falls, MN · 56750

$228,900

7(a)

Unity Bank$57K/job · 2008-11-13

CHATEAU MOTEL & LIQUOR

Red Lake Falls, MN · 56750

$205,000

7(a)

Unity Bank1999-07-14

CHATEAU MOTEL & LIQUORS

Red Lake Falls, MN · 56750

$178,000

7(a)

Unity Bank1994-02-03

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$150,000

7(a)

Ultima Bank Minnesota$13K/job · 2017-10-06

Ryan Wichterman Welding and Repair Shop

Red Lake Falls, MN · 56750

$150,000

7(a)

Unity Bank$38K/job · 2012-10-10

TRF WELDING INC

Red Lake Falls, MN · 56750

$137,500

7(a)

Border Bank$69K/job · 2007-03-16

BREVIK'S HARTZ MARKET

Red Lake Falls, MN · 56750

$110,000

7(a)

Unity Bank1990-11-07

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$105,000

504

Midwest Business Finance Corporation$6K/job · 1998-02-13

SC INVESTMENTS LLC

Red Lake Falls, MN · 56750

$100,000

7(a)

Ultima Bank Minnesota$17K/job · 2015-10-07

CHATEAU MOTEL & LIQUORS

Red Lake Falls, MN · 56750

Red Lake Falls, MN · 56750

$71,000

7(a)

Unity Bank$71K/job · 2004-01-30

Joe Di Maggio's

Red Lake Falls, MN · 56750

$67,500

7(a)

Unity Bank$7K/job · 2014-12-01

Red Lake County Gazette LLC

Red Lake Falls, MN · 56750

$66,300

7(a)

Unity Bank$33K/job · 2025-03-27

NEIL TONGEN

Red Lake Falls, MN · 56750

$61,800

7(a)

Unity Bank$62K/job · 2007-03-20

1–25 of 31

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