SBA lending record

Jeffrey Steinmetz

1440 190th AVE, Mahnomen, MN 56557 · All Other Grain Farming. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$572K

Total SBA financing

Loans on record

FY2021–22

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$552,000 — FY2022

Loan 1 of 2

Gross approval: $552,000
SBA guaranteed: $414,000 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 5.25% v
Term: 40 mo (3 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/19/2021
First disbursement: 12/7/2021
Days to fund: 18 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 2
Business type: Individual
Business age: Existing or more than 2 years old
Industry: All Other Grain Farming
NAICS code: 111199
Lender: Ultima Bank Minnesota
Address: 1440 190th Avenue
City: Mahnomen, 56557
County: Mahnomen
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

$20,000 — FY2021

Loan 2 of 2

Gross approval: $20,000
SBA guaranteed: $15,000 (75%)
Status: Current
Rate at approval: 5.25% v
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/3/2021
First disbursement: 12/7/2021
Days to fund: 95 days
Collateral: Required
Jobs supported: 2
Business type: Individual
Business age: Existing or more than 2 years old
Industry: All Other Grain Farming
NAICS code: 111199
Lender: Ultima Bank Minnesota
Address: 1440 190th AVE
City: Mahnomen, 56557
County: Mahnomen
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 all other grain farming — by location, industry.

SBA lenders in Minnesota Lenders for all other grain farming All Other Grain Farming lenders in Minnesota

Similar businesses

Comparable all other grain farming in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Brady A Kroening

Winger, MN· ~6 mi

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$334K
SBA financing: ≈ $655K–$1.1M
Est. revenue (rough)

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Kory Sonstelie

Winger, MN· ~10 mi

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$350K
SBA financing: ≈ $686K–$1.1M
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Mark Lehmann

Fertile, MN· ~21 mi

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$643K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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Sean Kveno

Bejou, MN· ~5 mi

All Other Grain Farming

$172K
SBA financing: ≈ $337K–$562K
Est. revenue (rough)

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Alton & Jeff Morvig Farms PTR

Fertile, MN· ~21 mi

All Other Grain Farming

$300K
SBA financing: ≈ $588K–$980K
Est. revenue (rough)

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Curt Nelson

Lake Park, MN· ~44 mi

All Other Grain Farming

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Jeffrey Steinmetz in Mahnomen, MN (All Other Grain Farming). 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 $572K
On record FY2021–22
4 jobs supported
Industry: All Other Grain Farming
Location: Mahnomen, MN
Lender: Ultima Bank Minnesota

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Grain Farming businesses in MN for ~$286k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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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.
Canonical:: https://www.capbench.com/businesses/jeffrey-steinmetz-mn
API:: https://www.capbench.com/api/public/businesses/jeffrey-steinmetz-mn
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 Jeffrey Steinmetz.