SBA lending record
Froe Bros Drilling LLC
9047 Hwy 115, Cook, MN 55723 · Water Supply and Irrigation Systems. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$729K
Total SBA financing
1
Loan on record
FY2020
On record
8
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$729,000 — FY2020
- Gross approval
- $729,000
- SBA guaranteed
- $546,750 (75%)
- Status
- Paid in full
- Rate at approval
- 4.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 6/2/2020
- First disbursement
- 6/30/2020
- Days to fund
- 28 days
- Paid in full
- 6/30/2023
- Collateral
- Required
- Jobs supported
- 8
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Water Supply and Irrigation Systems
- NAICS code
- 221310
- Lender
- Frandsen Bank and Trust
- Address
- 9047 Hwy 115
- City
- Cook, 55723
- County
- Saint Louis
- 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 water supply and irrigation systems — by location, industry.
Similar businesses
Comparable water supply and irrigation systems in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Skone Irrigation, Inc.
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Water Supply and Irrigation Systems
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
JOYCO DRILLING, INC.
Elk, WA· ~1132 mi
Water Supply and Irrigation Systems
- $557K
- SBA financing
- ≈ $1.1M–$1.8M
- Est. revenue (rough)
MINNESOTA SALT CO. LLC
Chaska, MN· ~215 mi
Water Supply and Irrigation Systems
- $215K
- SBA financing
- ≈ $422K–$703K
- Est. revenue (rough)
SPRINKLER SYSTEMS IRRIGATION INC.
Watertown, MN· ~208 mi
Water Supply and Irrigation Systems
- $145K
- SBA financing
- ≈ $284K–$474K
- Est. revenue (rough)
Hoopes Well Drilling LLC
Richland, WA· ~1252 mi
Water Supply and Irrigation Systems
- $275K
- SBA financing
- ≈ $539K–$899K
- Est. revenue (rough)
Midwest Testing LLC
Mora, MN· ~134 mi
Water Supply and Irrigation Systems
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Froe Bros Drilling LLC in Cook, MN (Water Supply and Irrigation Systems). 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 $729K
- On record FY2020
- 8 jobs supported
- Industry: Water Supply and Irrigation Systems
- Location: Cook, MN
- Lender: Frandsen Bank and Trust
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Water Supply and Irrigation Systems businesses in MN for ~$729k 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 2026-06-20.
- 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 Froe Bros Drilling LLC.