SBA lending record
GWE LLC
608 ELK ST NW, Warroad, MN 56763 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.2M
Total SBA financing
2
Loans on record
FY2021–24
On record
3
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$995,000 — FY2024
Loan 1 of 2- Gross approval
- $995,000
- SBA guaranteed
- $746,250 (75%)
- Status
- Current
- Rate at approval
- 7% v
- Term
- 249 mo (21 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/5/2024
- First disbursement
- 6/6/2024
- Days to fund
- 1 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Lessors of Miniwarehouses and Self-Storage Units
- NAICS code
- 531130
- Lender
- Ultima Bank Minnesota
- Address
- 3511 COUNTY ROAD 8 NW
- City
- Baudette, 56623
- County
- Lake Of The Woods
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$200,000 — FY2021
Loan 2 of 2- Gross approval
- $200,000
- SBA guaranteed
- $150,000 (75%)
- Status
- Paid in full
- Rate at approval
- 4.95% v
- Term
- 240 mo (20 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/14/2021
- First disbursement
- 9/17/2021
- Days to fund
- 3 days
- Paid in full
- 5/31/2022
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- Ultima Bank Minnesota
- Address
- 608 ELK ST NW
- City
- Warroad, 56763
- County
- Roseau
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
The lender
Ultima Bank Minnesota
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 hotels (except casino hotels) and motels — by location, industry.
Similar businesses
Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Warroad Hospitality Inc
Warroad, MN· ~0 mi
Hotels (except Casino Hotels) and Motels
- $2.7M
- SBA financing
- ≈ $5.3M–$8.8M
- Est. revenue (rough)
Sportsman's Oak Island Lodge Inc.
Oak Island, MN· ~35 mi
Hotels (except Casino Hotels) and Motels
- $1.2M
- SBA financing
- ≈ $2.4M–$3.9M
- Est. revenue (rough)
BVL, Inc
Baudette, MN· ~29 mi
Hotels (except Casino Hotels) and Motels
- $800K
- SBA financing
- ≈ $1.6M–$2.6M
- Est. revenue (rough)
STEALTH INVEST 5 LLC
Thief River Falls, MN· ~67 mi
Americas Best Value Inn
- $1.5M
- SBA financing
- ≈ $2.9M–$4.8M
- Est. revenue (rough)
Krishna Hospitality, Inc.
Thief River Falls, MN· ~67 mi
Americas Best Value Inn
- $1.4M
- SBA financing
- ≈ $2.7M–$4.5M
- Est. revenue (rough)
Ganesh Hospitality, Inc.
Thief River Falls, MN· ~67 mi
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice
- $2.1M
- SBA financing
- ≈ $4.1M–$6.8M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for GWE LLC in Warroad, MN (Hotels (except Casino Hotels) and Motels). 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 $1.2M
- On record FY2021–24
- 3 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Warroad, MN
- Lender: Ultima Bank Minnesota
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in MN for ~$598k 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 GWE LLC.