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Lake Region Bank, SBA Loan Activity

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

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

141

2010 – 2025

Approved $

$21.7M

across all programs

Avg loan size

$154K

median $80K

Top industry

All Other Personal Services

9 loans · 6%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

141

Approved

$21.7M

Avg size

$154K

Range

$5K – $1.6M

SBA 504

Loans

Approved

Avg size

Range

–

Top industries funded

See all industries

All Other Personal Services

"General Freight Trucking, Local"

Poured Concrete Foundation and Structure Contractors

Sporting Goods Stores

"General Freight Trucking, Long-Distance, Truckload"

All Other Miscellaneous Fabricated Metal Product Manufacturing

Loan records · Lake Region Bank

141 records

Sort:

Borrower

Location

Program

Industry

Wayne Dahl Lake Region Bank

Golden Valley, MN

55422

$1,625,000

$1.6M

7(a)

Offices of Chiropractors

2013-04-16

METRO TEL CORP OF MINNESOTA Lake Region Bank

New London, MN

56273

$1,000,000

–

7(a)

Wired Telecommunications Carriers

2002-10-29

INDEPENDENT TECHNOLOGIES, INC.Lake Region Bank

Omaha, MN

68154

$740,000

–

7(a)

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

2003-12-23

PHILLIP O. WESTBY Lake Region Bank

Spicer, MN

56288

$700,000

$350K

7(a)

General Rental Centers

2016-02-03

Double J. Concrete & Masonry. Inc.Lake Region Bank

New London, MN

56273

$651,100

$26K

7(a)

Poured Concrete Foundation and Structure Contractors

2014-04-08

WESTBY ENTERPRISES, LLC Lake Region Bank

Spicer, MN

56288

$649,100

$50K

7(a)

Other Gasoline Stations

2016-02-05

JAC OF CENTRAL MINNESOTA, LLC Lake Region Bank

Willmar, MN

56201

$645,200

$215K

7(a)

Lessors of Other Real Estate Property

2014-12-29

Double J. Concrete & Masonry. Inc.Lake Region Bank

New London, MN

56273

$595,000

$24K

7(a)

Poured Concrete Foundation and Structure Contractors

2013-04-30

CHEVELLE PERFECTION GRINDING, INC.Lake Region Bank

Andover, MN

55304

$495,000

$83K

7(a)

Precision Turned Product Manufacturing

2017-10-03

BORGERDING MANAGEMENT, LLC Lake Region Bank

Willmar, MN

56201

$469,400

$31K

7(a)

Limited-Service Restaurants

2015-08-28

Lettuce Abound Farms LLC Lake Region Bank

New London, MN

56273

$437,500

$55K

7(a)

Other Vegetable (except Potato) and Melon Farming

2017-01-10

Donnerite Co.Lake Region Bank

Spicer, MN

56288

$436,400

$10K

7(a)

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

2013-10-17

PRECISION MACHINING, INC Lake Region Bank

Atwater, MN

56209

$378,200

$126K

7(a)

All Other Miscellaneous Fabricated Metal Product Manufacturing

2011-06-14

JERGENSON, AUTO & TIRE, INC Lake Region Bank

Willmar, MN

56201

$360,000

–

7(a)

General Automotive Repair

2002-07-03

FIVE STAR PUMPING, INC.Lake Region Bank

New London, MN

56273

$350,000

$70K

7(a)

"Soil Preparation, Planting, and Cultivating"

2013-01-10

Surplus Warehouse of Willmar, Inc.Lake Region Bank

Willmar, MN

56201

$350,000

$27K

7(a)

All Other General Merchandise Retailers

2022-07-12

CHJ Properties LLC Lake Region Bank

New London, MN

56273

$347,000

$87K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2019-04-24

R G PROPERTIES, LLC Lake Region Bank

New London, MN

56273

$338,100

$56K

7(a)

Bowling Centers

2012-11-01

HANSEN CONCRETE, INC.Lake Region Bank

Spicer, MN

56288

$332,100

$28K

7(a)

Poured Concrete Foundation and Structure Contractors

2009-12-24

GREG THEIS PROPERTIES, LLC Lake Region Bank

Willmar, MN

56201

$278,400

$139K

7(a)

Other Activities Related to Real Estate

2011-09-08

SCHWEGMAN'S CLEANERS LLLP Lake Region Bank

Willmar, MN

56201

$267,500

$6K

7(a)

Drycleaning and Laundry Services (except Coin-Operated)

2022-03-28

WINDY HILL AUTO PARTS, INC.Lake Region Bank

New London, MN

56273

$260,700

$33K

7(a)

Recyclable Material Merchant Wholesalers

2013-12-17

BORGERDING MANAGEMENT, LLC Lake Region Bank

Buffalo, MN

55313

$252,400

$13K

7(a)

Limited-Service Restaurants

2017-04-03

SURPLUS WAREHOUSE INC Lake Region Bank

Willmar, MN

56210

$250,000

$25K

7(a)

Recyclable Material Merchant Wholesalers

2005-06-10

WILLMAR FOODS, LLC Lake Region Bank

Willmar, MN

56201

$243,700

$6K

7(a)

All Other Specialty Food Stores

2016-08-16

Wayne Dahl

Golden Valley, MN · 55422

$1,625,000

7(a)

Lake Region Bank$1.6M/job · 2013-04-16

METRO TEL CORP OF MINNESOTA

New London, MN · 56273

$1,000,000

7(a)

Lake Region Bank2002-10-29

INDEPENDENT TECHNOLOGIES, INC.

Omaha, MN · 68154

$740,000

7(a)

Lake Region Bank2003-12-23

Lake Region Bank$350K/job · 2016-02-03

Double J. Concrete & Masonry. Inc.

New London, MN · 56273

$651,100

7(a)

Lake Region Bank$26K/job · 2014-04-08

WESTBY ENTERPRISES, LLC

Spicer, MN · 56288

$649,100

7(a)

Lake Region Bank$50K/job · 2016-02-05

JAC OF CENTRAL MINNESOTA, LLC

Willmar, MN · 56201

$645,200

7(a)

Lake Region Bank$215K/job · 2014-12-29

Double J. Concrete & Masonry. Inc.

New London, MN · 56273

$595,000

7(a)

Lake Region Bank$24K/job · 2013-04-30

CHEVELLE PERFECTION GRINDING, INC.

Andover, MN · 55304

$495,000

7(a)

Lake Region Bank$83K/job · 2017-10-03

BORGERDING MANAGEMENT, LLC

Willmar, MN · 56201

$469,400

7(a)

Lake Region Bank$31K/job · 2015-08-28

Lettuce Abound Farms LLC

New London, MN · 56273

$437,500

7(a)

Lake Region Bank$55K/job · 2017-01-10

Lake Region Bank$10K/job · 2013-10-17

PRECISION MACHINING, INC

Atwater, MN · 56209

$378,200

7(a)

Lake Region Bank$126K/job · 2011-06-14

JERGENSON, AUTO & TIRE, INC

Willmar, MN · 56201

$360,000

7(a)

Lake Region Bank2002-07-03

FIVE STAR PUMPING, INC.

New London, MN · 56273

$350,000

7(a)

Lake Region Bank$70K/job · 2013-01-10

Surplus Warehouse of Willmar, Inc.

Willmar, MN · 56201

$350,000

7(a)

Lake Region Bank$27K/job · 2022-07-12

CHJ Properties LLC

New London, MN · 56273

$347,000

7(a)

Lake Region Bank$87K/job · 2019-04-24

R G PROPERTIES, LLC

New London, MN · 56273

$338,100

7(a)

Lake Region Bank$56K/job · 2012-11-01

HANSEN CONCRETE, INC.

Spicer, MN · 56288

$332,100

7(a)

Lake Region Bank$28K/job · 2009-12-24

GREG THEIS PROPERTIES, LLC

Willmar, MN · 56201

$278,400

7(a)

Lake Region Bank$139K/job · 2011-09-08

SCHWEGMAN'S CLEANERS LLLP

Willmar, MN · 56201

$267,500

7(a)

Lake Region Bank$6K/job · 2022-03-28

WINDY HILL AUTO PARTS, INC.

New London, MN · 56273

$260,700

7(a)

Lake Region Bank$33K/job · 2013-12-17

BORGERDING MANAGEMENT, LLC

Buffalo, MN · 55313

$252,400

7(a)

Lake Region Bank$13K/job · 2017-04-03

SURPLUS WAREHOUSE INC

Willmar, MN · 56210

$250,000

7(a)

Lake Region Bank$25K/job · 2005-06-10

Lake Region Bank$6K/job · 2016-08-16

1–25 of 141

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Where Lake Region Bank lends

APPROVAL CONCENTRATION

TOP STATES

141