SBA lending record
Industrial Coating Services, Inc.
7504 269TH AVE, Stacy, MN 55079 · Paint, Varnish, and Supplies Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$550K
Total SBA financing
3
Loans on record
FY2021–24
On record
5
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 3 loans
$300,000 — FY2024
Loan 1 of 3- Gross approval
- $300,000
- SBA guaranteed
- $150,000 (50%)
- Status
- Delinquent
- Rate at approval
- 10.25% v
- Term
- 12 mo (1 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 10/19/2023
- First disbursement
- 10/30/2023
- Days to fund
- 11 days
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Paint, Varnish, and Supplies Merchant Wholesalers
- NAICS code
- 424950
- Lender
- Hiawatha National Bank
- Address
- 7504 269TH AVE NE
- City
- Stacy, 55079
- County
- Isanti
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 6
$150,000 — FY2022
Loan 2 of 3- Gross approval
- $150,000
- SBA guaranteed
- $75,000 (50%)
- Status
- Paid in full
- Rate at approval
- 6.25% v
- Term
- 14 mo (1 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/9/2022
- First disbursement
- 7/18/2022
- Days to fund
- 9 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
- Paint, Varnish, and Supplies Merchant Wholesalers
- NAICS code
- 424950
- Lender
- Hiawatha National Bank
- Address
- 7504 269TH AVE NE
- City
- Stacy, 55079
- County
- Isanti
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 6
$100,000 — FY2021
Loan 3 of 3- Gross approval
- $100,000
- SBA guaranteed
- $50,000 (50%)
- Status
- Paid in full
- Rate at approval
- 4.75% v
- Term
- 96 mo (8 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/11/2021
- First disbursement
- 1/11/2021
- Days to fund
- 0 days
- Paid in full
- 3/31/2025
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Paint, Varnish, and Supplies Merchant Wholesalers
- NAICS code
- 424950
- Lender
- Hiawatha National Bank
- Address
- 7504 269TH AVE
- City
- Stacy, 55079
- County
- Isanti
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 6
The lender
Hiawatha National Bank
3 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding paint, varnish, and supplies merchant wholesalers — by location, industry.
Similar businesses
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- SBA financing
- ≈ $780K–$1.3M
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Agent summary
This page summarizes the public SBA 7(a) lending record for Industrial Coating Services, Inc. in Stacy, MN (Paint, Varnish, and Supplies Merchant Wholesalers). 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 $550K
- On record FY2021–24
- 5 jobs supported
- Industry: Paint, Varnish, and Supplies Merchant Wholesalers
- Location: Stacy, MN
- Lender: Hiawatha National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Paint, Varnish, and Supplies Merchant Wholesalers businesses in MN for ~$183k 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 Industrial Coating Services, Inc..