Main Street Registry

Covenant Haul Inc

Minnetonka, MN · Couriers and Express Delivery Services · NAICS 492110

Covenant Haul Inc is located in Minnetonka, MN, and operates in the couriers and express delivery services industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,534,000, approved on September 29, 2026 by lender BankVista. The loan's SBA-reported job count is 24.

SBA 7(a) loan, change of ownership, approved Sep 29, 2026

$1,534,000 approvedLender: BankVista10 years termCommitted, not fully disbursedLoan details
Gross approval
$1,534,000
SBA-guaranteed amount
$1,150,500 (75% of the approval)
Lender
BankVista, Sartell, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
10 years (120 months)
Estimated maturity
September 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$18,612 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
24
Business type
Corporation
NAICS
492110, Couriers and Express Delivery Services
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 78% of acquisition loans in Couriers and Express Delivery Services on this site.
  • Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
  • Average acquisition loan in Minnesota: $1,482,119.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Minnesota