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FM Bank
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FM Bank, SBA Loan Activity
Public SBA 7(a) and 504 lending activity for Fm Bank.
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Overview
Recent loans
Industries
Geography
7(a) vs 504
Total SBA loans
26
2010 – 2025
Approved $
$4.5M
across all programs
Avg loan size
$174K
median $84K
Top industry
General Automotive Repair
5 loans · 19%
7(a) vs 504
BY APPROVAL COUNT
7(a) · 100%
SBA 7(a)
Loans
26
Approved
$4.5M
Avg size
$174K
Range
$11K – $1.6M
SBA 504
Loans
0
Approved
$0
Avg size
$0
Range
–
Top industries funded
See all industries
General Automotive Repair
5
"Automotive Body, Paint, and Interior Repair and Maintenance"
1
Advertising Agencies
1
Bowling Centers
1
Drinking Places (Alcoholic Beverages)
1
Florists
1
Loan records · FM Bank
26 records
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Sort:
Amount
Date
Per job
Borrower
Location
Approved
descending
Per job
Program
Industry
Date
Michael J. Tersteeg and Leah M. Lundgren-Tersteeg (EPC) and Tersteeeg
FM Bank
Olivia, MN
56277
$1,600,000
$80K
7(a)
Supermarkets and Other Grocery (except Convenience) Stores
2012-02-29
NORTHERN PLAINS FARMS, LLC
FM Bank
Pillager, MN
56473
$428,000
$43K
7(a)
Hog and Pig Farming
2010-11-08
SQUARE ONE BUILDING CENTER, IN
FM Bank
Olivia, MN
56277
$300,000
–
7(a)
Other Building Material Dealers
2003-09-30
BILLS'S CYCLE, INC.
FM Bank
Fergus Falls, MN
56597
$297,200
–
7(a)
Motorcycle Dealers
2004-09-07
Seed Incorporated
FM Bank
Eagen, MN
55123
$230,000
$46K
7(a)
General Automotive Repair
2010-04-15
AMERICAN EXPRESS FINANCIAL ADV
FM Bank
Milbank, SD
57353
$208,000
–
7(a)
Investment Advice
1999-09-17
Seed Incorporated
FM Bank
Maple Grove, MN
55311
$169,500
$7K
7(a)
General Automotive Repair
2012-12-21
LLW, INC.
FM Bank
Winthrop, MN
55396
$135,000
$12K
7(a)
Drinking Places (Alcoholic Beverages)
2011-02-08
CROSSROADS C-STORE
FM Bank
Rosholt, SD
57260
$110,000
–
7(a)
–
1995-07-20
DAVID E. BAKKER
FM Bank
Renville, MN
56284
$93,000
–
7(a)
–
2000-07-12
WHEATON LANES
FM Bank
Wheaton, MN
56296
$90,000
–
7(a)
Bowling Centers
1997-01-13
CROSSROADS INC.
FM Bank
Rosholt, SD
57260
$88,000
–
7(a)
Gasoline Stations with Convenience Stores
2000-10-27
Deli On A Bagel LLC
FM Bank
Fargo, ND
58106
$85,000
–
7(a)
Advertising Agencies
1998-05-05
Seed Incorporated
FM Bank
Minneapolis, MN
55405
$82,700
$6K
7(a)
General Automotive Repair
2011-12-13
DALE'S STEAK HOUSE
FM Bank
Wheaton, MN
56296
$80,000
–
7(a)
–
1995-10-30
RENVILLE LOCKER PLANT
FM Bank
Renville, MN
56284
$80,000
–
7(a)
Meat Processed from Carcasses
2003-12-16
Alice's Restaurant
FM Bank
Renville, MN
56284
$74,252
–
7(a)
–
1998-10-20
Seed Incorporated
FM Bank
Marshall, MN
56258
$67,000
$5K
7(a)
General Automotive Repair
2011-11-29
STEP SAVER INC
FM Bank
Wood Lake, MN
56297
$55,000
–
7(a)
–
1999-03-02
STEVE'S SERVICE
FM Bank
Rosholt, SD
57260
$49,000
–
7(a)
–
1994-10-25
PATRICIA BROBERG
FM Bank
Renville, MN
56284
$48,700
$24K
7(a)
Florists
2011-09-12
ROSHOLT MEATS
FM Bank
Rosholt, SD
57260
$48,000
–
7(a)
–
1994-09-22
STEVE'S SERVICE
FM Bank
Rosholt, SD
57260
$35,000
–
7(a)
General Automotive Repair
1999-08-03
BIG B'S
FM Bank
Rosholt, SD
57260
$34,000
–
7(a)
–
1995-08-04
BROADWAY CAFE
FM Bank
Wheaton, MN
56296
$33,600
–
7(a)
–
1997-04-09
Michael J. Tersteeg and Leah M. Lundgren-Tersteeg (EPC) and Tersteeeg
Olivia, MN · 56277
$1,600,000
7(a)
FM Bank
$80K/job · 2012-02-29
NORTHERN PLAINS FARMS, LLC
Pillager, MN · 56473
$428,000
7(a)
FM Bank
$43K/job · 2010-11-08
SQUARE ONE BUILDING CENTER, IN
Olivia, MN · 56277
$300,000
7(a)
FM Bank
2003-09-30
BILLS'S CYCLE, INC.
Fergus Falls, MN · 56597
$297,200
7(a)
FM Bank
2004-09-07
Seed Incorporated
Eagen, MN · 55123
$230,000
7(a)
FM Bank
$46K/job · 2010-04-15
AMERICAN EXPRESS FINANCIAL ADV
Milbank, SD · 57353
$208,000
7(a)
FM Bank
1999-09-17
Seed Incorporated
Maple Grove, MN · 55311
$169,500
7(a)
FM Bank
$7K/job · 2012-12-21
LLW, INC.
Winthrop, MN · 55396
$135,000
7(a)
FM Bank
$12K/job · 2011-02-08
CROSSROADS C-STORE
Rosholt, SD · 57260
$110,000
7(a)
FM Bank
1995-07-20
DAVID E. BAKKER
Renville, MN · 56284
$93,000
7(a)
FM Bank
2000-07-12
WHEATON LANES
Wheaton, MN · 56296
$90,000
7(a)
FM Bank
1997-01-13
CROSSROADS INC.
Rosholt, SD · 57260
$88,000
7(a)
FM Bank
2000-10-27
Deli On A Bagel LLC
Fargo, ND · 58106
$85,000
7(a)
FM Bank
1998-05-05
Seed Incorporated
Minneapolis, MN · 55405
$82,700
7(a)
FM Bank
$6K/job · 2011-12-13
DALE'S STEAK HOUSE
Wheaton, MN · 56296
$80,000
7(a)
FM Bank
1995-10-30
RENVILLE LOCKER PLANT
Renville, MN · 56284
$80,000
7(a)
FM Bank
2003-12-16
Alice's Restaurant
Renville, MN · 56284
$74,252
7(a)
FM Bank
1998-10-20
Seed Incorporated
Marshall, MN · 56258
$67,000
7(a)
FM Bank
$5K/job · 2011-11-29
STEP SAVER INC
Wood Lake, MN · 56297
$55,000
7(a)
FM Bank
1999-03-02
STEVE'S SERVICE
Rosholt, SD · 57260
$49,000
7(a)
FM Bank
1994-10-25
PATRICIA BROBERG
Renville, MN · 56284
$48,700
7(a)
FM Bank
$24K/job · 2011-09-12
ROSHOLT MEATS
Rosholt, SD · 57260
$48,000
7(a)
FM Bank
1994-09-22
STEVE'S SERVICE
Rosholt, SD · 57260
$35,000
7(a)
FM Bank
1999-08-03
BIG B'S
Rosholt, SD · 57260
$34,000
7(a)
FM Bank
1995-08-04
BROADWAY CAFE
Wheaton, MN · 56296
$33,600
7(a)
FM Bank
1997-04-09
1–25 of 26
Page 1 of 2
Where FM Bank lends
APPROVAL CONCENTRATION
TOP STATES
MN
18
SD
7
ND
1