SBA lending record
Automation Services, Inc.
400 N 10TH ST, Lake City, MN 55041 · Other Commercial Equipment Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.4M
Total SBA financing
2
Loans on record
FY2024
On record
32
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$500,000 — FY2024
Loan 1 of 2- Gross approval
- $500,000
- SBA guaranteed
- $250,000 (50%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 4/1/2024
- First disbursement
- 4/10/2024
- Days to fund
- 9 days
- Collateral
- Required
- Jobs supported
- 16
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Commercial Equipment Merchant Wholesalers
- NAICS code
- 423440
- Lender
- Live Oak Banking Company
- Address
- 400 N 10TH ST
- City
- Lake City, 55041
- County
- Goodhue
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 2
$931,000 — FY2024
Loan 2 of 2- Gross approval
- $931,000
- SBA guaranteed
- $698,250 (75%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 4/1/2024
- First disbursement
- 4/10/2024
- Days to fund
- 9 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 16
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Commercial Equipment Merchant Wholesalers
- NAICS code
- 423440
- Lender
- Live Oak Banking Company
- Address
- 400 N 10TH ST
- City
- Lake City, 55041
- County
- Goodhue
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 2
The lender
Live Oak Banking Company
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding other commercial equipment merchant wholesalers — by location, industry.
Similar businesses
Comparable other commercial equipment merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Gator Magnetics LLC
Rosemount, MN· ~48 mi
Other Commercial Equipment Merchant Wholesalers
- $2.0M
- SBA financing
- ≈ $3.9M–$6.5M
- Est. revenue (rough)
AVILEON HOLDINGS INC
Saint Paul, MN· ~61 mi
Other Commercial Equipment Merchant Wholesalers
- $1.9M
- SBA financing
- ≈ $3.6M–$6.1M
- Est. revenue (rough)
Horizon Equipment LLC
Eagan, MN· ~53 mi
Other Commercial Equipment Merchant Wholesalers
- $846K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
Benson Municipal and Industrial Equipment Corporation
Minneapolis, MN· ~58 mi
Other Commercial Equipment Merchant Wholesalers
- $733K
- SBA financing
- ≈ $1.4M–$2.4M
- Est. revenue (rough)
KurbX, LLC
Black River Falls, WI· ~71 mi
Other Commercial Equipment Merchant Wholesalers
- $750K
- SBA financing
- ≈ $1.5M–$2.5M
- Est. revenue (rough)
Hemauer Properties LLC
Appleton, WI· ~190 mi
Other Commercial Equipment Merchant Wholesalers
- $860K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Automation Services, Inc. in Lake City, MN (Other Commercial Equipment Merchant Wholesalers). 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.
- 2 SBA 7(a) loans totaling $1.4M
- On record FY2024
- 32 jobs supported
- Industry: Other Commercial Equipment Merchant Wholesalers
- Location: Lake City, MN
- Lender: Live Oak Banking Company
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Other Commercial Equipment Merchant Wholesalers businesses in MN for ~$716k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- 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.
- 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 Automation Services, Inc..