Lund Holdings LLC
Lund Holdings LLC, located in Maple Grove, Minnesota, operates in cut stone and stone product manufacturing (NAICS 327991). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.39 million, approved on November 24, 2025, through First Resource Bank. The loan lists 16 jobs.
SBA 7(a) loan, change of ownership, approved Nov 24, 2025
$1,393,100 approvedLender: First Resource Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,393,100
- SBA-guaranteed amount
- $1,044,825 (75% of the approval)
- Lender
- First Resource Bank, Lino Lakes, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $17,087 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 327991, Cut Stone and Stone Product Manufacturing
- 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 60% of acquisition loans in Cut Stone and Stone Product Manufacturing on this site.
- Average acquisition loan in Cut Stone and Stone Product Manufacturing: $1,615,785.
- 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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