SBA Loans in Spring Grove, MN

Explore recent SBA 7(a) and 504 lending activity in Spring Grove. 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 $

$8.9M

last 24 months

Avg loan

$447K

median $245K

Active lenders

approved here

Jobs supported

214

cumulative

Loan activity map

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SPRING GROVE · 20 LOANS

Top lenders in Spring Grove

Merchants Bank, National Association

Southeastern Minnesota 504 Development Corporation

Altra FCU

Kerndt Brothers Savings Bank

Associated Bank, National Association

BMO Bank National Association

Top industries in Spring Grove

"Highway, Street, and Bridge Construction"

Soft Drink Manufacturing

Dairy Cattle and Milk Production

Structural Steel and Precast Concrete Contractors

Electrical Contractors

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Loan records · Spring Grove, MN

20 records

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Borrower

Location

Program

Industry

Viking Electric, Inc.Citizens Community Federal National Association

Spring Grove, MN

55974

$2,800,000

$200K

7(a)

Electrical Contractors

2025-05-15

LAX FABRICATING, LTD Altra FCU

Spring Grove, MN

55974

$1,805,500

$40K

7(a)

Structural Steel and Precast Concrete Contractors

2009-08-13

Phoenix Corp Kerndt Brothers Savings Bank

Spring Grove, MN

55974

$1,170,500

$40K

7(a)

"Highway, Street, and Bridge Construction"

2020-06-23

WENNES-ALL PHASE ARENA, INC.Merchants Bank, National Association

Spring Grove, MN

55974

$543,000

—

7(a)

—

1999-07-14

THOMPSON INDUSTRIES INC Merchants Bank, National Association

Spring Grove, MN

55974

$367,000

—

7(a)

Grain and Field Bean Wholesalers

1997-01-15

RED'S IGA Southeastern Minnesota 504 Development Corporation

Spring Grove, MN

55974

$341,000

$34K

504

—

1999-09-20

Spring Grove Soda Pop, Inc.Merchants Bank, National Association

Spring Grove, MN

55974

$270,000

$68K

7(a)

Soft Drink Manufacturing

2010-12-21

Phoenix Corp.First Southeast Bank

Spring Grove, MN

55974

$250,000

$15K

7(a)

"Highway, Street, and Bridge Construction"

2019-07-09

Phoenix Corp Kerndt Brothers Savings Bank

Spring Grove, MN

55974

$250,000

$9K

7(a)

"Highway, Street, and Bridge Construction"

2020-06-29

LaX Fabricating, Ltd Altra FCU

Spring Grove, MN

55974

$194,500

$4K

7(a)

Structural Steel and Precast Concrete Contractors

2009-07-06

RED'S IGA Southeastern Minnesota 504 Development Corporation

Spring Grove, MN

55974

$175,000

$18K

504

Supermarkets and Other Grocery (except Convenience) Stores

1999-09-20

Soiney Farms, LLC Southeastern Minnesota 504 Development Corporation

Spring Grove, MN

55974

$139,000

$70K

504

Dairy Cattle and Milk Production

2015-02-06

Spring Grove Soda Pop, Inc.Merchants Bank, National Association

Spring Grove, MN

55974

$115,000

$23K

7(a)

Soft Drink Manufacturing

2012-12-21

SPRING VALLY FAMILY CHIROPRACT Associated Bank, National Association

Spring Grove, MN

55974

$109,600

—

7(a)

Offices of Chiropractors

2009-01-14

VILLAGE HOUSE MOTEL INC Merchants Bank, National Association

Spring Grove, MN

55974

$100,000

—

7(a)

—

1994-12-16

SKYLINE SUPPER CLUB Merchants Bank, National Association

Spring Grove, MN

55974

$94,500

—

7(a)

—

1994-12-16

Spring Grove Soda Pop, Inc.Merchants Bank, National Association

Spring Grove, MN

55974

$81,405

—

7(a)

Soft Drink Manufacturing

2003-11-20

Solum Holsteins LLC Stearns Bank National Association

Spring Grove, MN

55974

$50,000

$13K

7(a)

Dairy Cattle and Milk Production

2015-07-07

VELKOMMEN INN BMO Bank National Association

Spring Grove, MN

55974

$48,500

—

7(a)

—

1996-08-23

TIM'S AUTO CENTER Merchants Bank, National Association

Spring Grove, MN

55974

$28,500

—

7(a)

General Automotive Repair

1995-06-19

Viking Electric, Inc.

Spring Grove, MN · 55974

$2,800,000

7(a)

Citizens Community Federal National Association$200K/job · 2025-05-15

LAX FABRICATING, LTD

Spring Grove, MN · 55974

$1,805,500

7(a)

Altra FCU$40K/job · 2009-08-13

Phoenix Corp

Spring Grove, MN · 55974

$1,170,500

7(a)

Kerndt Brothers Savings Bank$40K/job · 2020-06-23

WENNES-ALL PHASE ARENA, INC.

Spring Grove, MN · 55974

$543,000

7(a)

Merchants Bank, National Association1999-07-14

THOMPSON INDUSTRIES INC

Spring Grove, MN · 55974

$367,000

7(a)

Merchants Bank, National Association1997-01-15

RED'S IGA

Spring Grove, MN · 55974

$341,000

504

Southeastern Minnesota 504 Development Corporation$34K/job · 1999-09-20

Spring Grove Soda Pop, Inc.

Spring Grove, MN · 55974

$270,000

7(a)

Merchants Bank, National Association$68K/job · 2010-12-21

Phoenix Corp.

Spring Grove, MN · 55974

$250,000

7(a)

First Southeast Bank$15K/job · 2019-07-09

Phoenix Corp

Spring Grove, MN · 55974

$250,000

7(a)

Kerndt Brothers Savings Bank$9K/job · 2020-06-29

LaX Fabricating, Ltd

Spring Grove, MN · 55974

$194,500

7(a)

Altra FCU$4K/job · 2009-07-06

RED'S IGA

Spring Grove, MN · 55974

$175,000

504

Southeastern Minnesota 504 Development Corporation$18K/job · 1999-09-20

Soiney Farms, LLC

Spring Grove, MN · 55974

$139,000

504

Southeastern Minnesota 504 Development Corporation$70K/job · 2015-02-06

Spring Grove Soda Pop, Inc.

Spring Grove, MN · 55974

$115,000

7(a)

Merchants Bank, National Association$23K/job · 2012-12-21

SPRING VALLY FAMILY CHIROPRACT

Spring Grove, MN · 55974

$109,600

7(a)

Associated Bank, National Association2009-01-14

VILLAGE HOUSE MOTEL INC

Spring Grove, MN · 55974

$100,000

7(a)

Merchants Bank, National Association1994-12-16

SKYLINE SUPPER CLUB

Spring Grove, MN · 55974

$94,500

7(a)

Merchants Bank, National Association1994-12-16

Spring Grove Soda Pop, Inc.

Spring Grove, MN · 55974

$81,405

7(a)

Merchants Bank, National Association2003-11-20

Solum Holsteins LLC

Spring Grove, MN · 55974

$50,000

7(a)

Stearns Bank National Association$13K/job · 2015-07-07

VELKOMMEN INN

Spring Grove, MN · 55974

$48,500

7(a)

BMO Bank National Association1996-08-23

TIM'S AUTO CENTER

Spring Grove, MN · 55974

$28,500

7(a)

Merchants Bank, National Association1995-06-19

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