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First State Bank Southwest — SBA Loan Activity

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

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

2010 – 2025

Approved $

$9.8M

across all programs

Avg loan size

$266K

median $130K

Top industry

Full-Service Restaurants

3 loans · 8%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

Approved

$9.8M

Avg size

$266K

Range

$24K – $1.9M

SBA 504

Loans

Approved

Avg size

Range

—

Top industries funded

See all industries

Full-Service Restaurants

Hog and Pig Farming

"Specialized Freight (except Used Goods) Trucking, Local"

All Other Animal Production

Beauty Salons

Hotels (except Casino Hotels) and Motels

Loan records · First State Bank Southwest

37 records

Sort:

Borrower

Location

Program

Industry

Keith M. Merrick, Co Inc First State Bank Southwest

Sibley, IA

51249

$1,925,000

—

7(a)

Other Commercial Printing

2006-01-25

GRAY FARMS INC First State Bank Southwest

Pipestone, MN

56164

$1,000,000

—

7(a)

—

1998-06-10

DAVE HULSTEIN EXCAVATING First State Bank Southwest

Worthington, MN

56187

$935,000

$117K

7(a)

Site Preparation Contractors

2009-09-11

TRI-STATE RENTAL First State Bank Southwest

Worthington, MN

56187

$650,000

$163K

7(a)

General Rental Centers

2007-12-31

MENNING ENTERPRISES, INC.First State Bank Southwest

Edgerton, MN

56128

$609,300

$55K

7(a)

All Other Animal Production

2011-09-16

MAGNOLIA LOUNGE BAR AND STEAK First State Bank Southwest

Luverne, MN

56156

$460,000

—

7(a)

Full-Service Restaurants

2002-10-29

HILLVIEW ENTERPRISES First State Bank Southwest

Pipestone, MN

56164

$450,000

—

7(a)

Hog and Pig Farming

1995-08-14

BUDGET INN OF FAIRMONT First State Bank Southwest

Fairmont, MN

56031

$438,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2002-04-24

MAG-KNOW-YAH, LLC.First State Bank Southwest

Luverne, MN

56156

$375,000

$29K

7(a)

Full-Service Restaurants

2009-11-02

Keith M. Merrick, Co Inc First State Bank Southwest

Sibley, IA

51249

$350,000

$9K

7(a)

Commercial Lithographic Printing

2009-02-10

Gary & Sandra Burke First State Bank Southwest

Pipestone, MN

56164

$250,000

$50K

7(a)

Other Nonhazardous Waste Treatment and Disposal

2009-03-20

JOUWSTRA MILK HAULING INC.First State Bank Southwest

Edgerton, MN

56128

$220,100

$73K

7(a)

"Specialized Freight (except Used Goods) Trucking, Local"

2009-05-27

D & S PIZZA, INC.First State Bank Southwest

International Falls, MN

56649

$205,000

—

7(a)

Limited-Service Restaurants

2002-06-05

Menning Enterprises, Inc.First State Bank Southwest

Edgerton, MN

56128

$150,900

$22K

7(a)

All Other Animal Production

2009-03-30

SHAMI, INC.First State Bank Southwest

Worthington, MN

56187

$150,000

—

7(a)

Hotels (except Casino Hotels) and Motels

2001-10-24

TRAVEL EXPRESS First State Bank Southwest

Worthington, MN

56187

$150,000

—

7(a)

Gasoline Stations with Convenience Stores

2004-12-06

GROTHE JANITORIAL SERVICES First State Bank Southwest

Fulda, MN

56131

$150,000

—

7(a)

Other Services to Buildings and Dwellings

2002-07-30

JBT HOSPITALITY, LLC First State Bank Southwest

Fulda, MN

56131

$140,000

—

7(a)

Full-Service Restaurants

2004-04-23

CORNERSTONE DENTAL First State Bank Southwest

Luverne, MN

56156

$130,000

$26K

7(a)

Offices of Dentists

2008-04-01

Steven Lende First State Bank Southwest

Worthington, MN

56187

$125,000

—

7(a)

Graphic Design Services

2002-12-12

Kirk Van Hulzen and Ross Fey First State Bank Southwest

Edgerton, MN

56128

$117,000

$39K

7(a)

Insurance Agencies and Brokerages

2013-12-18

JACKSON CHIROPRACTIC First State Bank Southwest

Jackson, MN

56143

$100,000

—

7(a)

Offices of Chiropractors

1998-02-04

Eugene Kuipers First State Bank Southwest

Edgerton, MN

56128

$100,000

—

7(a)

Hog and Pig Farming

1997-01-24

MARK'S TOWING & REPAIR First State Bank Southwest

Worthington, MN

56187

$85,000

—

7(a)

General Automotive Repair

1998-03-16

JOUWSTRA MILK HAULING INC.First State Bank Southwest

Edgerton, MN

56128

$76,000

$25K

7(a)

"Specialized Freight (except Used Goods) Trucking, Local"

2009-05-27

Keith M. Merrick, Co Inc

Sibley, IA · 51249

$1,925,000

7(a)

First State Bank Southwest2006-01-25

GRAY FARMS INC

Pipestone, MN · 56164

$1,000,000

7(a)

First State Bank Southwest1998-06-10

DAVE HULSTEIN EXCAVATING

Worthington, MN · 56187

$935,000

7(a)

First State Bank Southwest$117K/job · 2009-09-11

TRI-STATE RENTAL

Worthington, MN · 56187

$650,000

7(a)

First State Bank Southwest$163K/job · 2007-12-31

MENNING ENTERPRISES, INC.

Edgerton, MN · 56128

$609,300

7(a)

First State Bank Southwest$55K/job · 2011-09-16

MAGNOLIA LOUNGE BAR AND STEAK

Luverne, MN · 56156

$460,000

7(a)

First State Bank Southwest2002-10-29

HILLVIEW ENTERPRISES

Pipestone, MN · 56164

$450,000

7(a)

First State Bank Southwest1995-08-14

BUDGET INN OF FAIRMONT

Fairmont, MN · 56031

$438,000

7(a)

First State Bank Southwest2002-04-24

First State Bank Southwest$29K/job · 2009-11-02

Keith M. Merrick, Co Inc

Sibley, IA · 51249

$350,000

7(a)

First State Bank Southwest$9K/job · 2009-02-10

Gary & Sandra Burke

Pipestone, MN · 56164

$250,000

7(a)

First State Bank Southwest$50K/job · 2009-03-20

JOUWSTRA MILK HAULING INC.

Edgerton, MN · 56128

$220,100

7(a)

First State Bank Southwest$73K/job · 2009-05-27

D & S PIZZA, INC.

International Falls, MN · 56649

$205,000

7(a)

First State Bank Southwest2002-06-05

Menning Enterprises, Inc.

Edgerton, MN · 56128

$150,900

7(a)

First State Bank Southwest$22K/job · 2009-03-30

SHAMI, INC.

Worthington, MN · 56187

$150,000

7(a)

First State Bank Southwest2001-10-24

TRAVEL EXPRESS

Worthington, MN · 56187

$150,000

7(a)

First State Bank Southwest2004-12-06

GROTHE JANITORIAL SERVICES

Fulda, MN · 56131

$150,000

7(a)

First State Bank Southwest2002-07-30

First State Bank Southwest2004-04-23

First State Bank Southwest$26K/job · 2008-04-01

Steven Lende

Worthington, MN · 56187

$125,000

7(a)

First State Bank Southwest2002-12-12

Kirk Van Hulzen and Ross Fey

Edgerton, MN · 56128

$117,000

7(a)

First State Bank Southwest$39K/job · 2013-12-18

First State Bank Southwest1998-02-04

First State Bank Southwest1997-01-24

MARK'S TOWING & REPAIR

Worthington, MN · 56187

$85,000

7(a)

First State Bank Southwest1998-03-16

JOUWSTRA MILK HAULING INC.

Edgerton, MN · 56128

$76,000

7(a)

First State Bank Southwest$25K/job · 2009-05-27

1–25 of 37

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Where First State Bank Southwest lends

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