Minnesota City Machining LLC
Minnesota City Machining LLC is a machine shop located in Minnesota City, MN, classified under NAICS 332710 (Machine Shops). The business was financed with an SBA 7(a) loan for a change of ownership of $758,000, approved through Minnwest Bank on August 24, 2026, and the loan lists 12 jobs.
SBA 7(a) loan, change of ownership, approved Aug 24, 2026
$758,000 approvedLender: Minnwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $758,000
- SBA-guaranteed amount
- $568,500 (75% of the approval)
- Lender
- Minnwest Bank, Redwood Falls, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $9,705 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Winona County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- 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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