SBA Loans in Underwood, MN

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

$7.3M

last 24 months

Avg loan

$428K

median $245K

Active lenders

approved here

Jobs supported

cumulative

Loan activity map

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UNDERWOOD · 17 LOANS

Top lenders in Underwood

Midwest Business Finance Corporation

Farmers State Bank of Underwood

American Federal Bank

BMO Bank National Association

Minnwest Bank

My Kind of Bank National Association

Top industries in Underwood

RV (Recreational Vehicle) Parks and Campgrounds

Gasoline Stations with Convenience Stores

General Automotive Repair

Hotels (except Casino Hotels) and Motels

"General Freight Trucking, Long-Distance, Truckload"

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Loan records · Underwood, MN

17 records

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Borrower

Location

Program

Industry

Moe Farms L. L. C.Minnwest Bank

Underwood, MN

56586

$2,900,000

$725K

7(a)

Oilseed and Grain Combination Farming

2017-02-13

Weslake Resort Midwest Business Finance Corporation

Underwood, MN

56586

$762,000

$254K

504

All Other Traveler Accommodation

2025-12-01

Maslo, LLC Midwest Business Finance Corporation

Underwood, MN

56586

$642,000

–

504

Hotels (except Casino Hotels) and Motels

2011-12-06

Leisuretime Ltd Midwest Business Finance Corporation

Underwood, MN

56586

$616,000

–

504

Hotels (except Casino Hotels) and Motels

2014-08-28

Twin Pine Resort LLC Midwest Business Finance Corporation

Underwood, MN

56586

$362,000

$362K

504

RV (Recreational Vehicle) Parks and Campgrounds

2022-10-30

South Turtle Lake Resort Midwest Business Finance Corporation

Underwood, MN

56586

$347,000

$174K

504

RV (Recreational Vehicle) Parks and Campgrounds

2022-01-31

Maslo South Turtle Resort, LLC Midwest Business Finance Corporation

Underwood, MN

56586

$326,000

$326K

504

RV (Recreational Vehicle) Parks and Campgrounds

2020-07-29

Brian's Repair, Inc.Viking Bank National Association

Underwood, MN

56586

$262,000

$52K

7(a)

General Automotive Repair

2021-05-05

Jason and Samantha Haugen Farmers State Bank of Underwood

Underwood, MN

56586

$244,000

$122K

7(a)

Septic Tank and Related Services

2023-03-20

3 Lakes Resort My Kind of Bank National Association

Underwood, MN

56586

$176,400

$176K

7(a)

Recreational and Vacation Camps (except Campgrounds)

2012-02-03

Underwood Oil, Inc.Midwest Business Finance Corporation

Underwood, MN

56586

$167,000

$33K

504

Gasoline Stations with Convenience Stores

2013-08-16

WEETOWN OUTPOST INC American Federal Bank

Underwood, MN

56586

$162,000

$81K

7(a)

General Automotive Repair

2006-02-28

Underwood Oil Inc Farmers State Bank of Underwood

Underwood, MN

56586

$150,000

$14K

7(a)

Gasoline Stations with Convenience Stores

2010-09-07

Underwood Oil Inc Midwest Business Finance Corporation

Underwood, MN

56586

$75,000

$19K

504

–

1991-01-10

REGION WASTE SERVICE INC BMO Bank National Association

Underwood, MN

56586

$45,000

–

7(a)

–

1994-11-14

CRAIG A GOODMAN SR Old National Bank

Underwood, MN

56586

$30,500

$31K

7(a)

"General Freight Trucking, Long-Distance, Truckload"

2004-05-26

CATTLE CREEK ARMS Wells Fargo Bank National Association

Underwood, MN

56586

$10,000

–

7(a)

Other Personal and Household Goods Repair and Maintenance

2015-02-27

Moe Farms L. L. C.

Underwood, MN · 56586

$2,900,000

7(a)

Minnwest Bank$725K/job · 2017-02-13

Weslake Resort

Underwood, MN · 56586

$762,000

504

Midwest Business Finance Corporation$254K/job · 2025-12-01

Maslo, LLC

Underwood, MN · 56586

$642,000

504

Midwest Business Finance Corporation2011-12-06

Leisuretime Ltd

Underwood, MN · 56586

$616,000

504

Midwest Business Finance Corporation2014-08-28

Twin Pine Resort LLC

Underwood, MN · 56586

$362,000

504

Midwest Business Finance Corporation$362K/job · 2022-10-30

South Turtle Lake Resort

Underwood, MN · 56586

$347,000

504

Midwest Business Finance Corporation$174K/job · 2022-01-31

Maslo South Turtle Resort, LLC

Underwood, MN · 56586

$326,000

504

Midwest Business Finance Corporation$326K/job · 2020-07-29

Brian's Repair, Inc.

Underwood, MN · 56586

$262,000

7(a)

Viking Bank National Association$52K/job · 2021-05-05

Jason and Samantha Haugen

Underwood, MN · 56586

$244,000

7(a)

Farmers State Bank of Underwood$122K/job · 2023-03-20

3 Lakes Resort

Underwood, MN · 56586

$176,400

7(a)

My Kind of Bank National Association$176K/job · 2012-02-03

Underwood Oil, Inc.

Underwood, MN · 56586

$167,000

504

Midwest Business Finance Corporation$33K/job · 2013-08-16

WEETOWN OUTPOST INC

Underwood, MN · 56586

$162,000

7(a)

American Federal Bank$81K/job · 2006-02-28

Underwood Oil Inc

Underwood, MN · 56586

$150,000

7(a)

Farmers State Bank of Underwood$14K/job · 2010-09-07

Underwood Oil Inc

Underwood, MN · 56586

$75,000

504

Midwest Business Finance Corporation$19K/job · 1991-01-10

REGION WASTE SERVICE INC

Underwood, MN · 56586

$45,000

7(a)

BMO Bank National Association1994-11-14

CRAIG A GOODMAN SR

Underwood, MN · 56586

$30,500

7(a)

Old National Bank$31K/job · 2004-05-26

CATTLE CREEK ARMS

Underwood, MN · 56586

$10,000

7(a)

Wells Fargo Bank National Association2015-02-27

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