SBA lending record

Loonies, LLC

235 Chestnut St, Virginia, MN 55792 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$43K

Total SBA financing

Loan on record

FY2021

On record

—

Jobs supported

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

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The loan

$43,200 — FY2021

Gross approval: $43,200
SBA guaranteed: $21,600 (50%)
Status: Current
Rate at approval: 6% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/22/2020
First disbursement: 10/31/2020
Days to fund: 9 days
Collateral: Required
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: Northeast Entrepreneur Fund, Inc.
Address: 235 Chestnut St
City: Virginia, 55792
County: Saint Louis
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Northeast Entrepreneur Fund, Inc.

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding full-service restaurants — by location, industry.

SBA lenders in Minnesota Lenders for full-service restaurants Full-Service Restaurants lenders in Minnesota

Similar businesses

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

Snow Avalanche Inc. DBA La Cocina & Cantina

Virginia, MN· ~6 mi

Full-Service Restaurants

$110K
SBA financing: ≈ $215K–$358K
Est. revenue (rough)

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Neighbor's BBQ LLC

Tower, MN· ~10 mi

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$104K
SBA financing: ≈ $204K–$340K
Est. revenue (rough)

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AMF Two Harbors LLC

Two Harbors, MN· ~55 mi

Full-Service Restaurants

$53K
SBA financing: ≈ $104K–$173K
Est. revenue (rough)

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The OMC, LLC

Duluth, MN· ~60 mi

Full-Service Restaurants

$52K
SBA financing: ≈ $102K–$170K
Est. revenue (rough)

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Lakewalk Brewery & Cafe Co

Superior, WI· ~63 mi

Full-Service Restaurants

$52K
SBA financing: ≈ $103K–$171K
Est. revenue (rough)

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Benchwarmer grille

Tower, MN· ~17 mi

Full-Service Restaurants

$270K
SBA financing: ≈ $529K–$882K
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Loonies, LLC in Virginia, MN (Full-Service Restaurants). 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 $43K
On record FY2021
Industry: Full-Service Restaurants
Location: Virginia, MN
Lender: Northeast Entrepreneur Fund, Inc.

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in MN for ~$43k 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/loonies-llc-mn
API:: https://www.capbench.com/api/public/businesses/loonies-llc-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 Loonies, LLC.