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First Independent Bank — SBA Loan Activity

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

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

2010 – 2025

Approved $

$8.6M

across all programs

Avg loan size

$126K

median $75K

Top industry

All Other Miscellaneous Manufacturing

5 loans · 7%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

Approved

$8.6M

Avg size

$126K

Range

$10K – $925K

SBA 504

Loans

Approved

Avg size

Range

—

Top industries funded

See all industries

All Other Miscellaneous Manufacturing

Breweries

Other Heavy and Civil Engineering Construction

Drinking Places (Alcoholic Beverages)

Full-Service Restaurants

Gasoline Stations with Convenience Stores

Loan records · First Independent Bank

68 records

Sort:

Borrower

Location

Program

Industry

KHC CONSTRUCTION, INC.First Independent Bank

Marshall, MN

56258

$924,700

$25K

7(a)

Water and Sewer Line and Related Structures Construction

2010-08-19

BIERSCHENK, INC.First Independent Bank

Marshall, MN

56258

$900,000

$56K

7(a)

Limited-Service Restaurants

2010-10-01

BRAD'S ONE STOP PLUS First Independent Bank

Marshall, MN

56258

$462,467

—

7(a)

—

1999-04-19

HORIZON FOODS, INC. .First Independent Bank

Tracy, MN

56175

$450,000

—

7(a)

Supermarkets and Other Grocery (except Convenience) Stores

2004-08-09

BRAD'S ONE STOP First Independent Bank

Marshall, MN

56258

$434,700

—

7(a)

Gasoline Stations with Convenience Stores

2001-08-13

Willmar Pizza Partners Inc First Independent Bank

Willmar, MN

56201

$369,500

$25K

7(a)

Limited-Service Restaurants

2017-03-03

KEY LARGO RESTAURANT AND BAR First Independent Bank

Slayton, MN

56152

$274,125

—

7(a)

Drinking Places (Alcoholic Beverages)

2001-10-04

DI'S LAKESIDE First Independent Bank

Balaton, MN

56115

$240,000

—

7(a)

Gasoline Stations with Convenience Stores

2001-07-23

BOFFERDING FLORAL & NURSERY First Independent Bank

Marshall, MN

56258

$205,000

—

7(a)

—

1995-01-31

BREY TILING & EXCAVATING LLC First Independent Bank

Marshall, MN

56258

$200,000

$67K

7(a)

Other Heavy and Civil Engineering Construction

2007-03-06

HIGHWAY 19 CAR & TRUCK WASH First Independent Bank

Marshall, MN

56258

$193,775

—

7(a)

Car Washes

1996-09-06

COUNTRY ENTERPRISES, INC First Independent Bank

Lucan, MN

56225

$150,000

—

7(a)

All Other Miscellaneous Manufacturing

2003-07-16

CW Welding and Fabrication LLC First Independent Bank

Vesta, MN

56292

$150,000

$30K

7(a)

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

2006-06-02

DI'S LAKESIDE First Independent Bank

Balaton, MN

56115

$150,000

—

7(a)

Gasoline Stations with Convenience Stores

2001-05-30

DAKOTAS STEAKS & PASTAS INC First Independent Bank

Marshall, MN

56258

$150,000

—

7(a)

—

1996-02-29

Cedar Creek Family Chiropractic, PA First Independent Bank

Saint Cloud, MN

56301

$146,700

$24K

7(a)

Offices of Chiropractors

2015-06-18

COUNTRY ENTERPRISES, INC First Independent Bank

Lucan, MN

56255

$140,000

$47K

7(a)

All Other Miscellaneous Manufacturing

2011-07-07

COUNTRY ENTERPRISES INC First Independent Bank

Lucan, MN

56255

$140,000

$7K

7(a)

All Other Miscellaneous Manufacturing

2004-07-21

Foul Ball Paninos LLC First Independent Bank

Saint Peter, MN

56082

$133,000

$13K

7(a)

Full-Service Restaurants

2019-09-26

TOTAL LAWN CARE SERVICES First Independent Bank

Ivanhoe, MN

56142

$129,000

—

7(a)

Landscaping Services

2005-04-13

WATKINS SALVAGE First Independent Bank

Wabasso, MN

56293

$120,000

$60K

7(a)

Recyclable Material Merchant Wholesalers

2008-05-23

COUDRON TRUCKING First Independent Bank

Milroy, MN

56263

$115,000

—

7(a)

"General Freight Trucking, Local"

2002-12-19

RUINEE'S BAR AND GRILL, INC.First Independent Bank

Chent, MN

56239

$115,000

—

7(a)

Drinking Places (Alcoholic Beverages)

2003-06-19

Brau Brothers Brewing Company, LLC First Independent Bank

Lucan, MN

56255

$100,000

$11K

7(a)

Breweries

2011-03-26

Brau Brothers Brewing Company, LLC First Independent Bank

Lucan, MN

56255

$100,000

$20K

7(a)

Breweries

2006-05-26

KHC CONSTRUCTION, INC.

Marshall, MN · 56258

$924,700

7(a)

First Independent Bank$25K/job · 2010-08-19

First Independent Bank$56K/job · 2010-10-01

First Independent Bank1999-04-19

HORIZON FOODS, INC. .

Tracy, MN · 56175

$450,000

7(a)

First Independent Bank2004-08-09

First Independent Bank2001-08-13

Willmar Pizza Partners Inc

Willmar, MN · 56201

$369,500

7(a)

First Independent Bank$25K/job · 2017-03-03

KEY LARGO RESTAURANT AND BAR

Slayton, MN · 56152

$274,125

7(a)

First Independent Bank2001-10-04

First Independent Bank2001-07-23

BOFFERDING FLORAL & NURSERY

Marshall, MN · 56258

$205,000

7(a)

First Independent Bank1995-01-31

BREY TILING & EXCAVATING LLC

Marshall, MN · 56258

$200,000

7(a)

First Independent Bank$67K/job · 2007-03-06

HIGHWAY 19 CAR & TRUCK WASH

Marshall, MN · 56258

$193,775

7(a)

First Independent Bank1996-09-06

COUNTRY ENTERPRISES, INC

Lucan, MN · 56225

$150,000

7(a)

First Independent Bank2003-07-16

CW Welding and Fabrication LLC

Vesta, MN · 56292

$150,000

7(a)

First Independent Bank$30K/job · 2006-06-02

First Independent Bank2001-05-30

DAKOTAS STEAKS & PASTAS INC

Marshall, MN · 56258

$150,000

7(a)

First Independent Bank1996-02-29

Cedar Creek Family Chiropractic, PA

Saint Cloud, MN · 56301

$146,700

7(a)

First Independent Bank$24K/job · 2015-06-18

COUNTRY ENTERPRISES, INC

Lucan, MN · 56255

$140,000

7(a)

First Independent Bank$47K/job · 2011-07-07

COUNTRY ENTERPRISES INC

Lucan, MN · 56255

$140,000

7(a)

First Independent Bank$7K/job · 2004-07-21

Foul Ball Paninos LLC

Saint Peter, MN · 56082

$133,000

7(a)

First Independent Bank$13K/job · 2019-09-26

TOTAL LAWN CARE SERVICES

Ivanhoe, MN · 56142

$129,000

7(a)

First Independent Bank2005-04-13

First Independent Bank$60K/job · 2008-05-23

First Independent Bank2002-12-19

RUINEE'S BAR AND GRILL, INC.

Chent, MN · 56239

$115,000

7(a)

First Independent Bank2003-06-19

Brau Brothers Brewing Company, LLC

Lucan, MN · 56255

$100,000

7(a)

First Independent Bank$11K/job · 2011-03-26

Brau Brothers Brewing Company, LLC

Lucan, MN · 56255

$100,000

7(a)

First Independent Bank$20K/job · 2006-05-26

1–25 of 68

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Where First Independent Bank lends

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