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The Bank of Elk River
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The Bank of Elk River, SBA Loan Activity
Public SBA 7(a) and 504 lending activity for The Bank Of Elk River.
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Overview
Recent loans
Industries
Geography
7(a) vs 504
Total SBA loans
178
2010 – 2025
Approved $
$80.5M
across all programs
Avg loan size
$452K
median $150K
Top industry
Offices of Chiropractors
15 loans · 8%
7(a) vs 504
BY APPROVAL COUNT
7(a) · 100%
SBA 7(a)
Loans
178
Approved
$80.5M
Avg size
$452K
Range
$18K – $5.0M
SBA 504
Loans
0
Approved
$0
Avg size
$0
Range
–
Top industries funded
See all industries
Offices of Chiropractors
15
Machine Shops
8
Sports and Recreation Instruction
8
General Automotive Repair
6
Appliance Repair and Maintenance
4
Beauty Salons
4
Loan records · The Bank of Elk River
178 records
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Sort:
Amount
Date
Per job
Borrower
Location
Approved
descending
Per job
Program
Industry
Date
AEROFAB, INC.
The Bank of Elk River
Blaine, MN
55449
$5,000,000
$89K
7(a)
Fabricated Structural Metal Manufacturing
2017-12-06
Green Valley Greenhouse, Inc.
The Bank of Elk River
Anoka, MN
55303
$5,000,000
$34K
7(a)
Floriculture Production
2021-09-17
Aloden LLC
The Bank of Elk River
Eden Prairie, MN
55344
$4,620,200
$132K
7(a)
Employment Placement Agencies
2024-04-19
Construct Inc.
The Bank of Elk River
Elk River, MN
55330
$4,260,000
$194K
7(a)
"Highway, Street, and Bridge Construction"
2016-04-08
P & F Machining Inc.
The Bank of Elk River
Elk River, MN
55330
$3,859,400
$80K
7(a)
Machine Shops
2021-02-05
SPARKLE POOL SERVICE, INC.
The Bank of Elk River
Elk River, MN
55330
$3,770,600
$419K
7(a)
Other Services to Buildings and Dwellings
2023-01-06
Alliance Machine, Inc.
The Bank of Elk River
Elk River, MN
55330
$3,500,000
$73K
7(a)
Machine Shops
2017-09-18
New Look Contracting, Inc.
The Bank of Elk River
Elk River, MN
55330
$2,702,300
$68K
7(a)
"Highway, Street, and Bridge Construction"
2013-08-28
Lymidat Capital LLC
The Bank of Elk River
Saint Paul, MN
55113
$2,661,700
$665K
7(a)
All Other Miscellaneous Fabricated Metal Product Manufacturing
2023-06-09
Paramount Materials, Inc.
The Bank of Elk River
Grand Rapids, MN
55744
$2,424,900
$173K
7(a)
Other Building Material Dealers
2021-04-28
BCS MN Development LLC
The Bank of Elk River
Andover, MN
55304
$1,673,700
$15K
7(a)
Soap and Other Detergent Manufacturing
2021-08-31
Hayes Management Inc
The Bank of Elk River
Saint Paul, MN
55105
$1,381,700
$35K
7(a)
Nursing Care Facilities
2021-06-03
MLI Inc
The Bank of Elk River
Rice, MN
56367
$1,248,900
$57K
7(a)
Electrical Contractors
2024-02-29
Air Comfort Heating & Air Conditioning
The Bank of Elk River
Anoka, MN
55303
$1,156,900
$165K
7(a)
"Plumbing, Heating, and Air-Conditioning Contractors"
2020-09-25
ER Holdings, Inc.
The Bank of Elk River
Osseo, MN
55369
$1,125,000
$281K
7(a)
Glass and Glazing Contractors
2019-11-18
Campbell Enterprises Northwest Inc.
The Bank of Elk River
Melrose, MN
56352
$1,110,000
$53K
7(a)
Machine Shops
2021-10-21
The Bertolas Group, LLC
The Bank of Elk River
Blaine, MN
55434
$1,088,000
$54K
7(a)
Machine Shops
2015-12-17
Steinwall, Incorporated
The Bank of Elk River
Coon Rapids (Rr Name Coon Cree, MN
55448
$1,080,000
$11K
7(a)
All Other Plastics Product Manufacturing
2008-11-06
Premier Global Promotions, Inc.
The Bank of Elk River
Minneapolis, MN
55428
$1,000,000
$333K
7(a)
"Gift, Novelty, and Souvenir Stores"
2021-08-13
The Bertolas Group, LLC
The Bank of Elk River
Blaine, MN
55449
$963,000
$96K
7(a)
Machine Shops
2015-02-24
Paramount Materials, Inc.
The Bank of Elk River
Grand Rapids, MN
55744
$932,400
$186K
7(a)
Other Building Material Dealers
2022-03-14
Collins Brothers Towing, Inc.
The Bank of Elk River
Elk River, MN
55330
$903,600
$53K
7(a)
Motor Vehicle Towing
2021-09-23
bluedoor, LLC
The Bank of Elk River
Minnetonka, MN
55343
$750,000
$31K
7(a)
Book Publishers
2017-04-28
A to Z Automotive, Inc.
The Bank of Elk River
Webster, WI
54893
$750,000
$94K
7(a)
General Automotive Repair
2020-01-14
Paradigm Residential Services Inc.
The Bank of Elk River
Zimmerman, MN
55398
$750,000
$12K
7(a)
Other Residential Care Facilities
2022-02-17
AEROFAB, INC.
Blaine, MN · 55449
$5,000,000
7(a)
The Bank of Elk River
$89K/job · 2017-12-06
Green Valley Greenhouse, Inc.
Anoka, MN · 55303
$5,000,000
7(a)
The Bank of Elk River
$34K/job · 2021-09-17
Aloden LLC
Eden Prairie, MN · 55344
$4,620,200
7(a)
The Bank of Elk River
$132K/job · 2024-04-19
Construct Inc.
Elk River, MN · 55330
$4,260,000
7(a)
The Bank of Elk River
$194K/job · 2016-04-08
P & F Machining Inc.
Elk River, MN · 55330
$3,859,400
7(a)
The Bank of Elk River
$80K/job · 2021-02-05
SPARKLE POOL SERVICE, INC.
Elk River, MN · 55330
$3,770,600
7(a)
The Bank of Elk River
$419K/job · 2023-01-06
Alliance Machine, Inc.
Elk River, MN · 55330
$3,500,000
7(a)
The Bank of Elk River
$73K/job · 2017-09-18
New Look Contracting, Inc.
Elk River, MN · 55330
$2,702,300
7(a)
The Bank of Elk River
$68K/job · 2013-08-28
Lymidat Capital LLC
Saint Paul, MN · 55113
$2,661,700
7(a)
The Bank of Elk River
$665K/job · 2023-06-09
Paramount Materials, Inc.
Grand Rapids, MN · 55744
$2,424,900
7(a)
The Bank of Elk River
$173K/job · 2021-04-28
BCS MN Development LLC
Andover, MN · 55304
$1,673,700
7(a)
The Bank of Elk River
$15K/job · 2021-08-31
Hayes Management Inc
Saint Paul, MN · 55105
$1,381,700
7(a)
The Bank of Elk River
$35K/job · 2021-06-03
MLI Inc
Rice, MN · 56367
$1,248,900
7(a)
The Bank of Elk River
$57K/job · 2024-02-29
Air Comfort Heating & Air Conditioning
Anoka, MN · 55303
$1,156,900
7(a)
The Bank of Elk River
$165K/job · 2020-09-25
ER Holdings, Inc.
Osseo, MN · 55369
$1,125,000
7(a)
The Bank of Elk River
$281K/job · 2019-11-18
Campbell Enterprises Northwest Inc.
Melrose, MN · 56352
$1,110,000
7(a)
The Bank of Elk River
$53K/job · 2021-10-21
The Bertolas Group, LLC
Blaine, MN · 55434
$1,088,000
7(a)
The Bank of Elk River
$54K/job · 2015-12-17
Steinwall, Incorporated
Coon Rapids (Rr Name Coon Cree, MN · 55448
$1,080,000
7(a)
The Bank of Elk River
$11K/job · 2008-11-06
Premier Global Promotions, Inc.
Minneapolis, MN · 55428
$1,000,000
7(a)
The Bank of Elk River
$333K/job · 2021-08-13
The Bertolas Group, LLC
Blaine, MN · 55449
$963,000
7(a)
The Bank of Elk River
$96K/job · 2015-02-24
Paramount Materials, Inc.
Grand Rapids, MN · 55744
$932,400
7(a)
The Bank of Elk River
$186K/job · 2022-03-14
Collins Brothers Towing, Inc.
Elk River, MN · 55330
$903,600
7(a)
The Bank of Elk River
$53K/job · 2021-09-23
bluedoor, LLC
Minnetonka, MN · 55343
$750,000
7(a)
The Bank of Elk River
$31K/job · 2017-04-28
A to Z Automotive, Inc.
Webster, WI · 54893
$750,000
7(a)
The Bank of Elk River
$94K/job · 2020-01-14
Paradigm Residential Services Inc.
Zimmerman, MN · 55398
$750,000
7(a)
The Bank of Elk River
$12K/job · 2022-02-17
1–25 of 178
Page 1 of 8
Where The Bank of Elk River lends
APPROVAL CONCENTRATION
TOP STATES
MN
177
WI
1