Marcotte Jewelry Inc.
Marcotte Jewelry Inc. is a jewelry retailer located in Marshall, Minnesota, in the jewelry retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $855,000, approved on September 25, 2026, through Minnwest Bank.
SBA 7(a) loan, change of ownership, approved Sep 25, 2026
$855,000 approvedLender: Minnwest Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $855,000
- SBA-guaranteed amount
- $641,250 (75% of the approval)
- Lender
- Minnwest Bank, Redwood Falls, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 25, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,063 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 458310, Jewelry Retailers
- Project location
- Lyon County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Jewelry Retailers on this site.
- Average acquisition loan in Jewelry Retailers: $1,347,143.
- 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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