SBA lending record
Innovative Foam, Inc
1164 BENJAMIN AVE, Hutchinson, MN 55350 · All Other Miscellaneous General Purpose Machinery Manufactur. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$69K
Total SBA financing
3
Loans on record
FY2021–25
On record
3
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Innovative Foam, Inc your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 3 loans
$34,000 — FY2025
Loan 1 of 3- Gross approval
- $34,000
- SBA guaranteed
- $17,000 (50%)
- Status
- Current
- Rate at approval
- 8% f
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/19/2024
- First disbursement
- 12/23/2024
- Days to fund
- 4 days
- Collateral
- Required
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Sign Manufacturing
- NAICS code
- 339950
- Lender
- Citizens Bank & Trust Co
- Address
- 16355 HIGHWAY 7 E
- City
- Hutchinson, 55350
- County
- Mcleod
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$5,000 — FY2024
Loan 2 of 3- Gross approval
- $5,000
- SBA guaranteed
- $2,500 (50%)
- Status
- Committed
- Rate at approval
- 9.5% v
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/20/2024
- Collateral
- Required
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Sign Manufacturing
- NAICS code
- 339950
- Lender
- Citizens Bank & Trust Co
- Address
- 16355 Hwy 7 E
- City
- Hutchinson, 55350
- County
- Mcleod
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$30,000 — FY2021
Loan 3 of 3- Gross approval
- $30,000
- SBA guaranteed
- $22,500 (75%)
- Status
- Current
- Rate at approval
- 5% v
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/10/2021
- First disbursement
- 9/24/2021
- Days to fund
- 14 days
- Collateral
- Required
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- All Other Miscellaneous General Purpose Machinery Manufactur
- NAICS code
- 333999
- Lender
- Citizens Bank & Trust Co
- Address
- 1164 BENJAMIN AVE
- City
- Hutchinson, 55350
- County
- Mcleod
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
The lender
Citizens Bank & Trust Co
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 all other miscellaneous general purpose machinery manufactur — by location, industry.
Similar businesses
Comparable all other miscellaneous general purpose machinery manufactur in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Morrell Manufacturing LLC
Cushing, MN· ~91 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $70K
- SBA financing
- ≈ $137K–$229K
- Est. revenue (rough)
Tilt-Lock Acquisitions, Inc.
Watertown, MN· ~25 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $285K
- SBA financing
- ≈ $559K–$931K
- Est. revenue (rough)
DMK Lapidary, L.L.C.
Waterville, MN· ~60 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $250K
- SBA financing
- ≈ $490K–$817K
- Est. revenue (rough)
Scooterbugs LLC
Hayward, WI· ~159 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $121K
- SBA financing
- ≈ $238K–$397K
- Est. revenue (rough)
H2Owners LLC
Waterloo, WI· ~291 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
SIEBRING MANUFACTURING, INC.
George, IA· ~135 mi
All Other Miscellaneous General Purpose Machinery Manufactur
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Innovative Foam, Inc in Hutchinson, MN (All Other Miscellaneous General Purpose Machinery Manufactur). 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 $69K
- On record FY2021–25
- 3 jobs supported
- Industry: All Other Miscellaneous General Purpose Machinery Manufactur
- Location: Hutchinson, MN
- Lender: Citizens Bank & Trust Co
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Miscellaneous General Purpose Machinery Manufactur businesses in MN for ~$23k 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 2026-06-19.
- 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 Innovative Foam, Inc your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
Researching a business like this one?
The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.
CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Innovative Foam, Inc.