SBA lending record
Elite Hydraulics, LLC
110 FRONT ST E., Hitterdal, MN 56552 · Commercial and Industrial Machinery and Equipment (except Au. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$166K
Total SBA financing
3
Loans on record
FY2023–24
On record
5
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 3 loans
$20,000 — FY2024
Loan 1 of 3- Gross approval
- $20,000
- SBA guaranteed
- $10,000 (50%)
- Status
- Current
- Rate at approval
- 9.5% f
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/16/2024
- First disbursement
- 3/31/2024
- Days to fund
- 15 days
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Fluid Power Valve and Hose Fitting Manufacturing
- NAICS code
- 332912
- Lender
- State Bank of Lake Park
- Address
- 112 FRONT ST E.
- City
- Hitterdal, 56552
- County
- Clay
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$20,000 — FY2023
Loan 2 of 3- Gross approval
- $20,000
- SBA guaranteed
- $10,000 (50%)
- Status
- Paid in full
- Rate at approval
- 7.75% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/28/2022
- First disbursement
- 1/11/2023
- Days to fund
- 14 days
- Paid in full
- 4/30/2024
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Commercial and Industrial Machinery and Equipment (except Au
- NAICS code
- 811310
- Lender
- State Bank of Lake Park
- Address
- 110 FRONT ST E.
- City
- Hitterdal, 56552
- County
- Clay
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$126,000 — FY2023
Loan 3 of 3- Gross approval
- $126,000
- SBA guaranteed
- $63,000 (50%)
- Status
- Current
- Rate at approval
- 7.5% f
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/28/2022
- First disbursement
- 1/11/2023
- Days to fund
- 14 days
- Collateral
- Required
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Commercial and Industrial Machinery and Equipment (except Au
- NAICS code
- 811310
- Lender
- State Bank of Lake Park
- Address
- 112 Front St E
- City
- Hitterdal, 56552
- County
- Clay
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
The lender
State Bank of Lake Park
3 loans to this businessFind SBA lenders for businesses like this
The banks most active funding commercial and industrial machinery and equipment (except au — by location, industry.
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Agent summary
This page summarizes the public SBA 7(a) lending record for Elite Hydraulics, LLC in Hitterdal, MN (Commercial and Industrial Machinery and Equipment (except Au). 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.
- 3 SBA 7(a) loans totaling $166K
- On record FY2023–24
- 5 jobs supported
- Industry: Commercial and Industrial Machinery and Equipment (except Au
- Location: Hitterdal, MN
- Lender: State Bank of Lake Park
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Commercial and Industrial Machinery and Equipment (except Au businesses in MN for ~$55k 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 Elite Hydraulics, LLC.