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Drake Bank — SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Drake Bank.

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OverviewRecent loansIndustriesGeography7(a) vs 504
Total SBA loans
255
2010 – 2025
Approved $
$69.9M
across all programs
Avg loan size
$274K
median $150K
Top industry
Full-Service Restaurants
17 loans · 7%

7(a) vs 504

BY APPROVAL COUNT
7(a) · 100%
SBA 7(a)
Loans
255
Approved
$69.9M
Avg size
$274K
Range
$20K – $4.0M
SBA 504
Loans
0
Approved
$0
Avg size
$0
Range
—

Top industries funded

See all industries
Full-Service Restaurants
17
Engineering Services
10
Beauty Salons
8
Landscaping Services
8
All Other Personal Services
7
Child Day Care Services
7
Loan records · Drake Bank
255 records
Sort:
ECCO Midwest, Inc
Hastings, MN · 55033
$4,000,000
7(a)
Drake Bank$62K/job · 2023-12-23
LSE Acquisitions, Inc.
Saint Paul, MN · 55104
$2,575,000
7(a)
Drake Bank$644K/job · 2014-05-21
St. Croix Linen, LLC
Stillwater, MN · 55082
$2,465,000
7(a)
Drake Bank$27K/job · 2020-09-23
Networx Broadband Inc
Elk River, MN · 55330
$2,300,000
7(a)
Drake Bank$767K/job · 2025-01-27
Mendota Valley Amusement, Inc
South Saint Paul, MN · 55075
$2,175,000
7(a)
Drake Bank$136K/job · 2025-02-17
Element Research Group, Inc.
Minneapolis, MN · 55443
$2,023,000
7(a)
Drake Bank$75K/job · 2022-01-24
Dimation, Inc
Shakopee, MN · 55379
$1,925,000
7(a)
Drake Bank$45K/job · 2024-10-23
Dreams Balandra LLC
Woodbury, MN · 55125
$1,454,000
7(a)
Drake Bank$48K/job · 2025-01-06
PAINTING BY NAKASONE, INC.
St Paul, MN · 55104
$1,143,000
7(a)
Drake Bank2002-01-09
HercLeon America L.L.C
Woodbury, MN · 55125
$1,000,000
7(a)
Drake Bank$143K/job · 2024-10-01
Area Mechanical, LLC
Vadnais Heights, MN · 55110
$1,000,000
7(a)
Drake Bank$43K/job · 2024-08-20
Zuse LLC
Saint Paul, MN · 55130
$971,700
7(a)
Drake Bank$49K/job · 2024-05-08
Etch Fitness Limited Liability Company
Minneapolis, MN · 55419
$913,500
7(a)
Drake Bank$102K/job · 2024-07-10
HONDA ELECTRIC, INC.
Loretto, MN · 55357
$840,000
7(a)
Drake Bank2005-06-14
Kerkau Investments, LLC
Saint Paul, MN · 55104
$820,000
7(a)
Drake Bank$75K/job · 2023-11-21
VOGT HEATING, AIR CONDITIONING
Minneapolis, MN · 55426
$820,000
7(a)
Drake Bank2005-01-28
Nikola's Biscotti and European Specialties, Co.
Bloomington, MN · 55420
$812,000
7(a)
Drake Bank$58K/job · 2014-05-07
PRIMORDIAL SOUP, LLC.
Saint Paul, MN · 55101
$750,000
7(a)
Drake Bank$31K/job · 2024-07-26
LSE Acquisitions, Inc.
Saint Paul, MN · 55104
$750,000
7(a)
Drake Bank$188K/job · 2014-05-21
JLM Landscape, LLC.
Minneapolis, MN · 55439
$725,000
7(a)
Drake Bank$23K/job · 2006-01-31
Painting by Nakasone, Inc.
Saint Paul, MN · 55104
$720,100
7(a)
Drake Bank$14K/job · 2025-08-22
Sharetech, LLC
Clearwater, MN · 55320
$675,000
7(a)
Drake Bank$135K/job · 2022-09-21
Stenzel Industries, Inc.
Saint Michael, MN · 55376
$658,000
7(a)
Drake Bank$219K/job · 2024-03-18
Green Street Speedwagon L.L.C.
Apple Valley, MN · 55124
$528,000
7(a)
Drake Bank$26K/job · 2019-04-09
Area Mechanical, LLC
Vadnais Heights, MN · 55110
$500,000
7(a)
Drake Bank$23K/job · 2023-06-15
1–25 of 255
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Where Drake Bank lends

APPROVAL CONCENTRATION
TOP STATES
MN
253
WI
2