SBA Loans in Tower, MN

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

$8.3M

last 24 months

Avg loan

$296K

median $245K

Active lenders

approved here

Jobs supported

160

cumulative

Loan activity map

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TOWER · 28 LOANS

Top lenders in Tower

Midwest Business Finance Corporation

Northeast Entrepreneur Fund, Inc.

Highland Bank

BankVista

Byline Bank

Frandsen Bank and Trust

Top industries in Tower

Full-Service Restaurants

Hardware Stores

Hotels (except Casino Hotels) and Motels

RV (Recreational Vehicle) Parks and Campgrounds

Lessors of Nonresidential Buildings (except Miniwarehouses)

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Loan records · Tower, MN

28 records

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Borrower

Location

Program

Industry

AIRIS ASSOCIATES, INC.Sentry Bank

Tower, MN

55790

$841,202

—

7(a)

Hotels (except Casino Hotels) and Motels

2003-11-21

Pallansch Premier Properties, LLC Byline Bank

Tower, MN

55790

$840,000

$56K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2020-04-24

General Storage LLC Frandsen Bank and Trust

Tower, MN

55790

$602,000

$151K

7(a)

Lessors of Miniwarehouses and Self-Storage Units

2023-07-12

Tavern In The Bay, LLC Choice Financial Group

Tower, MN

55790

$600,000

$24K

7(a)

Full-Service Restaurants

2023-11-10

Everett Bay Lodge Midwest Business Finance Corporation

Tower, MN

55790

$587,000

—

504

RV (Recreational Vehicle) Parks and Campgrounds

2019-11-08

Lake Vermilion Houseboats, Inc.Midwest Business Finance Corporation

Tower, MN

55790

$551,000

$79K

504

"Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing"

2017-05-04

Fbenz LLC Midwest Business Finance Corporation

Tower, MN

55790

$535,000

$107K

504

RV (Recreational Vehicle) Parks and Campgrounds

2021-12-20

PIKE BAY LODGE Midwest Business Finance Corporation

Tower, MN

55790

$516,000

$129K

504

Hotels (except Casino Hotels) and Motels

2005-06-23

FOREST LANE RESORT Highland Bank

Tower, MN

55790

$500,000

—

7(a)

Casino Hotels

2002-03-19

PMH Real Estate Investments LLC Midwest Business Finance Corporation

Tower, MN

55790

$400,000

$133K

504

Recreational and Vacation Camps (except Campgrounds)

2017-11-08

VERMILLION VENTURES LLC B2 Bank National Association

Tower, MN

55790

$350,000

$88K

7(a)

Flight Training

2006-05-18

DAISY BAY RESORT Highland Bank

Tower, MN

55790

$300,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2002-09-23

Benchwarmer grille Newtek Bank, National Association

Tower, MN

55790

$270,000

$39K

7(a)

Full-Service Restaurants

2025-05-01

ERICKSON'S HARDWARE HAMK Wells Fargo Bank National Association

Tower, MN

55790

$226,000

$45K

7(a)

Hardware Stores

2002-09-13

Aronson Boat Works, Inc Northeast Entrepreneur Fund, Inc.

Tower, MN

55790

$156,000

$26K

7(a)

Marinas

2018-12-11

ERICA'S BAKERY LLC Stearns Bank National Association

Tower, MN

55790

$140,000

—

7(a)

Commercial Bakeries

1997-03-19

ERICKSON'S HARDWARE HANK Park State Bank

Tower, MN

55790

$135,000

—

7(a)

Hardware Stores

2002-02-04

Vermilion Fuel Corp Frandsen Bank and Trust

Tower, MN

55790

$114,000

$16K

7(a)

Gasoline Stations with Convenience Stores

2018-07-27

Neighbor's BBQ LLC Northeast Entrepreneur Fund, Inc.

Tower, MN

55790

$104,100

$5K

7(a)

Full-Service Restaurants

2021-03-16

Throwback Cabin Properties L. L. C.Northeast Entrepreneur Fund, Inc.

Tower, MN

55790

$100,000

$17K

7(a)

"Hobby, Toy, and Game Stores"

2020-03-22

GLENWOOD LODGE Highland Bank

Tower, MN

55790

$82,700

—

7(a)

—

1996-03-07

Pallansch Premier Properties, LLC Byline Bank

Tower, MN

55790

$80,000

$3K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2020-04-24

SULU'S ESSPRESSO CAFE, INC.Northeast Entrepreneur Fund, Inc.

Tower, MN

55790

$70,900

$9K

7(a)

Limited-Service Restaurants

2020-09-23

CLASSIC NORTH CROSSINGS Park State Bank

Tower, MN

55790

$60,000

—

7(a)

"Gift, Novelty, and Souvenir Stores"

2000-04-10

PMH HOLDINGS CO.BankVista

Tower, MN

55790

$50,000

$25K

7(a)

RV (Recreational Vehicle) Parks and Campgrounds

2018-01-24

AIRIS ASSOCIATES, INC.

Tower, MN · 55790

$841,202

7(a)

Sentry Bank2003-11-21

Pallansch Premier Properties, LLC

Tower, MN · 55790

$840,000

7(a)

Byline Bank$56K/job · 2020-04-24

Frandsen Bank and Trust$151K/job · 2023-07-12

Tavern In The Bay, LLC

Tower, MN · 55790

$600,000

7(a)

Choice Financial Group$24K/job · 2023-11-10

Midwest Business Finance Corporation2019-11-08

Lake Vermilion Houseboats, Inc.

Tower, MN · 55790

$551,000

504

Midwest Business Finance Corporation$79K/job · 2017-05-04

Midwest Business Finance Corporation$107K/job · 2021-12-20

Midwest Business Finance Corporation$129K/job · 2005-06-23

Highland Bank2002-03-19

PMH Real Estate Investments LLC

Tower, MN · 55790

$400,000

504

Midwest Business Finance Corporation$133K/job · 2017-11-08

VERMILLION VENTURES LLC

Tower, MN · 55790

$350,000

7(a)

B2 Bank National Association$88K/job · 2006-05-18

Highland Bank2002-09-23

Newtek Bank, National Association$39K/job · 2025-05-01

ERICKSON'S HARDWARE HAMK

Tower, MN · 55790

$226,000

7(a)

Wells Fargo Bank National Association$45K/job · 2002-09-13

Aronson Boat Works, Inc

Tower, MN · 55790

$156,000

7(a)

Northeast Entrepreneur Fund, Inc.$26K/job · 2018-12-11

Stearns Bank National Association1997-03-19

ERICKSON'S HARDWARE HANK

Tower, MN · 55790

$135,000

7(a)

Park State Bank2002-02-04

Frandsen Bank and Trust$16K/job · 2018-07-27

Northeast Entrepreneur Fund, Inc.$5K/job · 2021-03-16

Throwback Cabin Properties L. L. C.

Tower, MN · 55790

$100,000

7(a)

Northeast Entrepreneur Fund, Inc.$17K/job · 2020-03-22

Highland Bank1996-03-07

Pallansch Premier Properties, LLC

Tower, MN · 55790

$80,000

7(a)

Byline Bank$3K/job · 2020-04-24

SULU'S ESSPRESSO CAFE, INC.

Tower, MN · 55790

$70,900

7(a)

Northeast Entrepreneur Fund, Inc.$9K/job · 2020-09-23

CLASSIC NORTH CROSSINGS

Tower, MN · 55790

$60,000

7(a)

Park State Bank2000-04-10

BankVista$25K/job · 2018-01-24

1–25 of 28

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