SBA lending record

Austin, Inc

36058 STATE HIGHWAY 238, Albany, MN 56307 · Septic Tank and Related Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$2.5M

Total SBA financing

Loans on record

FY2020–21

On record

Jobs supported

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

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All 4 loans

$383,800 — FY2021

Loan 1 of 4

Gross approval: $383,800
SBA guaranteed: $287,850 (75%)
Status: Paid in full
Rate at approval: 4.5% f
Term: 84 mo (7 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/24/2021
First disbursement: 3/3/2021
Days to fund: 7 days
Paid in full: 3/31/2022
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Septic Tank and Related Services
NAICS code: 562991
Lender: Falcon National Bank
Address: 36058 HWY 238
City: Albany, 56307
County: Stearns
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

$100,000 — FY2021

Loan 2 of 4

Gross approval: $100,000
SBA guaranteed: $50,000 (50%)
Status: Current
Rate at approval: 4.5% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/1/2021
First disbursement: 3/3/2021
Days to fund: 2 days
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Septic Tank and Related Services
NAICS code: 562991
Lender: Falcon National Bank
Address: 36058 Hwy 238
City: Albany, 56307
County: Stearns
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

$1,910,000 — FY2020

Loan 3 of 4

Gross approval: $1,910,000
SBA guaranteed: $1,432,500 (75%)
Status: Paid in full
Rate at approval: 5.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/10/2020
First disbursement: 6/30/2020
Days to fund: 20 days
Paid in full: 9/30/2025
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Septic Tank and Related Services
NAICS code: 562991
Lender: Falcon National Bank
Address: 36058 STATE HIGHWAY 238
City: Albany, 56307
County: Stearns
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

$75,000 — FY2020

Loan 4 of 4

Gross approval: $75,000
SBA guaranteed: $37,500 (50%)
Status: Cancelled
Rate at approval: 7.25% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/11/2020
Collateral: Required
Jobs supported: 5
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Septic Tank and Related Services
NAICS code: 562991
Lender: Falcon National Bank
Address: 36058 HWY 238
City: Albany, 56307
County: Stearns
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 6

The lender

Falcon National Bank

4 loans to this businessFull SBA lending record + branches on the lender page →

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