SBA lending record
Elevate Wellness Agency LLC
1804 Joquet Avenue, Cloquet, MN 55720 · Other Residential Care Facilities. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.0M
Total SBA financing
1
Loan on record
FY2025
On record
130
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$1,000,000 — FY2025
- Gross approval
- $1,000,000
- SBA guaranteed
- $750,000 (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
- 3/25/2025
- First disbursement
- 3/28/2025
- Days to fund
- 3 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 130
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Residential Care Facilities
- NAICS code
- 623990
- Lender
- Frandsen Bank and Trust
- Address
- 1804 Joquet Avenue
- City
- Cloquet, 55720
- County
- Carlton
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
The lender
Frandsen Bank and Trust
1 loan to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding other residential care facilities — by location, industry.
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Agent summary
This page summarizes the public SBA 7(a) lending record for Elevate Wellness Agency LLC in Cloquet, MN (Other Residential Care Facilities). 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 $1.0M
- On record FY2025
- 130 jobs supported
- Industry: Other Residential Care Facilities
- Location: Cloquet, MN
- Lender: Frandsen Bank and Trust
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Other Residential Care Facilities businesses in MN for ~$1.0M 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 2026-06-24.
- 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.
Is Elevate Wellness Agency LLC your business?
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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 Elevate Wellness Agency LLC.