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Machine Shops: SBA acquisition loans in Minnesota
5 SBA-financed business acquisitions in Minnesota classified as Machine Shops, FY2024–FY2026. Median loan $1.2M. See which lenders did them.
- Acquisitions financed
- 5
- Total approved
- $8.7M
- Median loan
- $1.2M
- Middle half of loans
- $1.1M to $1.6M
- Median starting rate
- 8.50%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 5 recorded approvals in FY2024–FY2026. For a broader comparison, open the Minnesota state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Highland Bank | 1 | 20% | $4.0M | $4.0M |
| 2 | Village Bank | 1 | 20% | $1.6M | $1.6M |
| 3 | Alerus Financial, National Association | 1 | 20% | $1.2M | $1.2M |
| 4 | Community Savings Bank | 1 | 20% | $1.1M | $1.1M |
| 5 | Minnwest Bank | 1 | 20% | $758K | $758K |
For comparison, the same industry nationwide: 113 loans, median $1.2M, median starting rate 9.25%. See Machine Shops in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.