Kessel Runners Inc.
Kessel Runners Inc. is a business in Duluth, Minnesota, in the general freight trucking, local industry (NAICS 484110). It was financed with an SBA 7(a) loan for a change of ownership of $747,000, approved on July 16, 2026, through the lender BankVista.
SBA 7(a) loan, change of ownership, approved Jul 16, 2026
$747,000 approvedLender: BankVista10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $747,000
- SBA-guaranteed amount
- $560,250 (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
- July 16, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $9,063 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Saint Louis County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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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