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Ultima Bank Minnesota — SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Ultima Bank Minnesota.

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

376

2010 – 2025

Approved $

$91.1M

across all programs

Avg loan size

$242K

median $100K

Top industry

Beef Cattle Ranching and Farming

34 loans · 9%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

376

Approved

$91.1M

Avg size

$242K

Range

$5K – $4.0M

SBA 504

Loans

Approved

Avg size

Range

—

Top industries funded

See all industries

Beef Cattle Ranching and Farming

All Other Grain Farming

Full-Service Restaurants

"Highway, Street, and Bridge Construction"

"Plumbing, Heating, and Air-Conditioning Contractors"

Dairy Cattle and Milk Production

Loan records · Ultima Bank Minnesota

376 records

Sort:

Borrower

Location

Program

Industry

BB Sczepanski Ultima Bank Minnesota

Stephen, MN

56757

$4,000,000

$222K

7(a)

All Other Grain Farming

2022-10-03

Palubicki's, Inc.Ultima Bank Minnesota

Fosston, MN

56542

$3,322,400

$42K

7(a)

Supermarkets and Other Grocery (except Convenience) Stores

2016-05-18

TNT Construction Group, LLC Ultima Bank Minnesota

Grand Rapids, MN

55744

$3,000,000

$12K

7(a)

"Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing"

2021-03-26

ST. HILAIRE SEED COMPANY, INC.Ultima Bank Minnesota

St Hilaire, MN

56754

$2,000,000

$61K

7(a)

Grain and Field Bean Merchant Wholesalers

2009-10-15

TNT Construction, LLC Ultima Bank Minnesota

Grand Rapids, MN

55744

$2,000,000

$8K

7(a)

"Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing"

2021-03-26

ST. HILAIRE SEED COMPANY, INC.Ultima Bank Minnesota

St Hilaire, MN

56754

$2,000,000

$80K

7(a)

Grain and Field Bean Merchant Wholesalers

2008-09-24

Grand Station Properties, LLC Ultima Bank Minnesota

East Grand Forks, MN

56721

$1,899,600

$61K

7(a)

Convenience Stores

2011-09-22

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Ultima Bank Minnesota

Red Lake Falls, MN

56750

$1,575,000

$131K

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

2017-08-29

Hammerlunds Champion Steel, Inc Ultima Bank Minnesota

Keewatin, MN

55753

$1,500,000

$12K

7(a)

Structural Steel and Precast Concrete Contractors

2014-10-27

FOSSTON CO-OP ELEVATOR ASSOC.Ultima Bank Minnesota

Fosston, MN

56542

$1,500,000

—

7(a)

Confectionery Merchant Wholesalers

2005-08-11

FOSSTON COOPERATIVE ELEVATOR A Ultima Bank Minnesota

Fosston, MN

56542

$1,500,000

—

7(a)

Grain and Field Bean Merchant Wholesalers

2006-08-21

Carlson Parts Stores LLC Ultima Bank Minnesota

Fosston, MN

56542

$1,400,000

$117K

7(a)

Automotive Parts and Accessories Stores

2021-04-21

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.Ultima Bank Minnesota

Red Lake Falls, MN

56750

$1,300,000

$108K

7(a)

Heating Equipment (except Warm Air Furnaces) Manufacturing

2017-08-29

Paragon Freight Holdings, Inc.Ultima Bank Minnesota

Trail, MN

56684

$1,200,000

$92K

7(a)

"General Freight Trucking, Long-Distance, Less Than Truckload"

2020-09-18

Kory Knoff Convenience Stores, Inc.Ultima Bank Minnesota

Crookston, MN

56716

$1,182,000

$38K

7(a)

Convenience Stores

2010-05-06

Vogt Dirt Service LLC Ultima Bank Minnesota

Becida, MN

56678

$1,150,000

$230K

7(a)

Construction Sand and Gravel Mining

2008-07-16

Greenhead Flight Services LLC Ultima Bank Minnesota

Bemidji, MN

56601

$1,050,000

$525K

7(a)

Other Airport Operations

2021-03-29

BB Sczepanski Ultima Bank Minnesota

Stephen, MN

56757

$1,000,000

$67K

7(a)

All Other Grain Farming

2024-02-16

FOSSTON COOPERATIVE Ultima Bank Minnesota

Fosston, MN

56542

$1,000,000

—

7(a)

Grain and Field Bean Wholesalers

2002-12-18

FOSSTON COOPERATIVE ELEVATOR A Ultima Bank Minnesota

Fosston, MN

56542

$1,000,000

—

7(a)

Grain and Field Bean Wholesalers

2001-09-10

FOSSTON COOPERATIVE ELEVATOR A Ultima Bank Minnesota

Fosston, MN

56542

$1,000,000

—

7(a)

Farm Machinery and Equipment Manufacturing

2004-08-13

GWE LLC Ultima Bank Minnesota

Baudette, MN

56623

$995,000

$498K

7(a)

Lessors of Miniwarehouses and Self-Storage Units

2024-06-05

James Steinmetz Ultima Bank Minnesota

Mahnomen, MN

56557

$900,000

$180K

7(a)

Dairy Cattle and Milk Production

2016-02-29

Sintec Audio Ultima Bank Minnesota

Bemidji, MN

56601

$875,000

$292K

7(a)

Other Activities Related to Real Estate

2021-03-31

Sportsman's Oak Island Lodge Inc.Ultima Bank Minnesota

Oak Island, MN

56741

$860,000

$61K

7(a)

Marinas

2022-02-15

Ultima Bank Minnesota$222K/job · 2022-10-03

Ultima Bank Minnesota$42K/job · 2016-05-18

TNT Construction Group, LLC

Grand Rapids, MN · 55744

$3,000,000

7(a)

Ultima Bank Minnesota$12K/job · 2021-03-26

ST. HILAIRE SEED COMPANY, INC.

St Hilaire, MN · 56754

$2,000,000

7(a)

Ultima Bank Minnesota$61K/job · 2009-10-15

TNT Construction, LLC

Grand Rapids, MN · 55744

$2,000,000

7(a)

Ultima Bank Minnesota$8K/job · 2021-03-26

ST. HILAIRE SEED COMPANY, INC.

St Hilaire, MN · 56754

$2,000,000

7(a)

Ultima Bank Minnesota$80K/job · 2008-09-24

Grand Station Properties, LLC

East Grand Forks, MN · 56721

$1,899,600

7(a)

Ultima Bank Minnesota$61K/job · 2011-09-22

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$1,575,000

7(a)

Ultima Bank Minnesota$131K/job · 2017-08-29

Hammerlunds Champion Steel, Inc

Keewatin, MN · 55753

$1,500,000

7(a)

Ultima Bank Minnesota$12K/job · 2014-10-27

FOSSTON CO-OP ELEVATOR ASSOC.

Fosston, MN · 56542

$1,500,000

7(a)

Ultima Bank Minnesota2005-08-11

FOSSTON COOPERATIVE ELEVATOR A

Fosston, MN · 56542

$1,500,000

7(a)

Ultima Bank Minnesota2006-08-21

Carlson Parts Stores LLC

Fosston, MN · 56542

$1,400,000

7(a)

Ultima Bank Minnesota$117K/job · 2021-04-21

Eagle Manufacturing, Inc. f/k/a Northwest Manufacturing, Inc.

Red Lake Falls, MN · 56750

$1,300,000

7(a)

Ultima Bank Minnesota$108K/job · 2017-08-29

Paragon Freight Holdings, Inc.

Trail, MN · 56684

$1,200,000

7(a)

Ultima Bank Minnesota$92K/job · 2020-09-18

Kory Knoff Convenience Stores, Inc.

Crookston, MN · 56716

$1,182,000

7(a)

Ultima Bank Minnesota$38K/job · 2010-05-06

Vogt Dirt Service LLC

Becida, MN · 56678

$1,150,000

7(a)

Ultima Bank Minnesota$230K/job · 2008-07-16

Greenhead Flight Services LLC

Bemidji, MN · 56601

$1,050,000

7(a)

Ultima Bank Minnesota$525K/job · 2021-03-29

Ultima Bank Minnesota$67K/job · 2024-02-16

Ultima Bank Minnesota2002-12-18

FOSSTON COOPERATIVE ELEVATOR A

Fosston, MN · 56542

$1,000,000

7(a)

Ultima Bank Minnesota2001-09-10

FOSSTON COOPERATIVE ELEVATOR A

Fosston, MN · 56542

$1,000,000

7(a)

Ultima Bank Minnesota2004-08-13

Ultima Bank Minnesota$498K/job · 2024-06-05

Ultima Bank Minnesota$180K/job · 2016-02-29

Ultima Bank Minnesota$292K/job · 2021-03-31

Sportsman's Oak Island Lodge Inc.

Oak Island, MN · 56741

$860,000

7(a)

Ultima Bank Minnesota$61K/job · 2022-02-15

1–25 of 376

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Where Ultima Bank Minnesota lends

APPROVAL CONCENTRATION

TOP STATES

361