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SBA lending record

Astro Engineering & Manufacturing Inc

11059 Lamont Ave Ne, Hanover, MN 55341 · All Other Miscellaneous Fabricated Metal Product Manufacturi. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.3M

Total SBA financing

1

Loan on record

FY2020

On record

40

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,250,000 — FY2020

Gross approval: $1,250,000
SBA guaranteed: $937,500 (75%)
Status: Current
Rate at approval: 4.62% f
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 8/28/2020
First disbursement: 9/30/2020
Days to fund: 33 days
Collateral: Required
Jobs supported: 40
Business type: Corporation
Business age: Change of Ownership
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
NAICS code: 332999
Lender: BANKWEST
Address: 11059 Lamont Ave Ne
City: Hanover, 55341
County: Wright
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

The lender

BANKWEST

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding all other miscellaneous fabricated metal product manufacturi — by location, industry.

SBA lenders in Minnesota Lenders for all other miscellaneous fabricated metal product manufacturi All Other Miscellaneous Fabricated Metal Product Manufacturi lenders in Minnesota

Similar businesses

Comparable all other miscellaneous fabricated metal product manufacturi in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Kluge Design Inc.

Rogers, MN· ~6 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$1.4M
SBA financing: ≈ $2.8M–$4.6M
Est. revenue (rough)

North Star Cart Company

Brooklyn Center, MN· ~18 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$982K
SBA financing: ≈ $1.9M–$3.2M
Est. revenue (rough)

Enterprise Pattern & Prototype LLC

Jordan, MN· ~34 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$1.7M
SBA financing: ≈ $3.3M–$5.5M
Est. revenue (rough)

G & K Spirit Commercial Real Estate Company LLC

Minneapolis, MN· ~19 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$842K
SBA financing: ≈ $1.6M–$2.8M
Est. revenue (rough)

Century Tool, Inc.

Rogers, MN· ~6 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$4.4M
SBA financing: ≈ $8.6M–$14M
Est. revenue (rough)

MINNESOTA METAL FABRICATIONS INC.

Minneapolis, MN· ~24 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$1.8M
SBA financing: ≈ $3.6M–$6.0M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Astro Engineering & Manufacturing Inc in Hanover, MN (All Other Miscellaneous Fabricated Metal Product Manufacturi). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $1.3M
On record FY2020
40 jobs supported
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
Location: Hanover, MN
Lender: BANKWEST

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Miscellaneous Fabricated Metal Product Manufacturi businesses in MN for ~$1.3M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/astro-engineering-manufacturing-inc-mn
API:: https://www.capbench.com/api/public/businesses/astro-engineering-manufacturing-inc-mn
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Astro Engineering & Manufacturing Inc.

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