SBA lending record
Backdraft Manufacturing LLC
417 W Bishop Street, Luverne, MN 56156 · 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.
$217K
Total SBA financing
2
Loans on record
FY2023–24
On record
19
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$150,000 — FY2024
Loan 1 of 2- Gross approval
- $150,000
- SBA guaranteed
- $75,000 (50%)
- Status
- Paid in full
- Rate at approval
- 8.5% f
- Term
- 9 mo (1 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/28/2023
- First disbursement
- 11/28/2023
- Days to fund
- 0 days
- Paid in full
- 7/31/2025
- Collateral
- Required
- Jobs supported
- 9
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- All Other Miscellaneous Fabricated Metal Product Manufacturi
- NAICS code
- 332999
- Lender
- Security Savings Bank
- Address
- 417 W Bishop Street
- City
- Luverne, 56156
- County
- Rock
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 1
$67,000 — FY2023
Loan 2 of 2- Gross approval
- $67,000
- SBA guaranteed
- $33,500 (50%)
- Status
- Paid in full
- Rate at approval
- 8.5% f
- Term
- 60 mo (5 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/24/2023
- First disbursement
- 9/18/2023
- Days to fund
- 25 days
- Paid in full
- 5/31/2024
- Collateral
- Required
- Jobs supported
- 10
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- All Other Miscellaneous Fabricated Metal Product Manufacturi
- NAICS code
- 332999
- Lender
- Security Savings Bank
- Address
- 417 W Bishop Street
- City
- Luverne, 56156
- County
- Rock
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 1
The lender
Security Savings Bank
2 loans to this businessFind SBA lenders for businesses like this
The banks most active funding all other miscellaneous fabricated metal product manufacturi — by location, industry.
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.
Creative Metal Solutions, Inc.
Sioux Falls, SD· ~28 mi
All Other Miscellaneous Fabricated Metal Product Manufacturi
- $765K
- SBA financing
- ≈ $1.5M–$2.5M
- Est. revenue (rough)
BHS, LLC
Minneapolis, MN· ~169 mi
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- $260K
- SBA financing
- ≈ $510K–$850K
- Est. revenue (rough)
VVK Metal, LLC
Lakeville, MN· ~162 mi
All Other Miscellaneous Fabricated Metal Product Manufacturi
- $186K
- SBA financing
- ≈ $364K–$607K
- Est. revenue (rough)
Reid's Welding & Custom Mfg., Inc.
Benson, MN· ~119 mi
All Other Miscellaneous Fabricated Metal Product Manufacturi
- $160K
- SBA financing
- ≈ $314K–$523K
- Est. revenue (rough)
ABM MANUFACTURING LLC
Brookings, SD· ~55 mi
All Other Miscellaneous Fabricated Metal Product Manufacturi
- $828K
- SBA financing
- ≈ $1.6M–$2.7M
- Est. revenue (rough)
MIDWEST WROUGHT IRON INC
Minneapolis, MN· ~172 mi
All Other Miscellaneous Fabricated Metal Product Manufacturi
- $418K
- SBA financing
- ≈ $820K–$1.4M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Backdraft Manufacturing LLC in Luverne, 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.
- 2 SBA 7(a) loans totaling $217K
- On record FY2023–24
- 19 jobs supported
- Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
- Location: Luverne, MN
- Lender: Security Savings Bank
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 ~$109k 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 Backdraft Manufacturing LLC.