SBA lending record

Master Tech Inc

1206 Hastings Avenue, Newport, MN 55055 · General Automotive Repair. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$434K

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

$434,200 — FY2021

Gross approval: $434,200
SBA guaranteed: $390,780 (90%)
Status: Current
Rate at approval: 5.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 2/24/2021
First disbursement: 2/26/2021
Days to fund: 2 days
Collateral: Required
Jobs supported: 5
Business type: Corporation
Business age: Change of Ownership
Industry: General Automotive Repair
NAICS code: 811111
Lender: Merchants Bank, National Association
Address: 1206 Hastings Avenue
City: Newport, 55055
County: Washington
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 4

The lender

Merchants Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding general automotive repair — by location, industry.

SBA lenders in Minnesota Lenders for general automotive repair General Automotive Repair lenders in Minnesota

Similar businesses

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

JCTI Enterprises, LLC

Maplewood, MN· ~5 mi

General Automotive Repair

$398K
SBA financing: ≈ $780K–$1.3M
Est. revenue (rough)

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Mission Auto Repair LLC

Saint Paul, MN· ~8 mi

General Automotive Repair

$642K
SBA financing: ≈ $1.3M–$2.1M
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Carriage Auto Repair of Edina LLC

Edina, MN· ~20 mi

General Automotive Repair

$445K
SBA financing: ≈ $873K–$1.5M
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BD&A Properties LLC

Rosemount, MN· ~11 mi

General Automotive Repair

$612K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

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Bayport Auto Clinic LLC

Bayport, MN· ~14 mi

General Automotive Repair

$675K
SBA financing: ≈ $1.3M–$2.2M
Est. revenue (rough)

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R & J Investments Inc.

Minneapolis, MN· ~13 mi

Honest1 Auto Care (aka Honest - 1 Auto Care)

$442K
SBA financing: ≈ $867K–$1.4M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Master Tech Inc in Newport, MN (General Automotive Repair). 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 $434K
On record FY2021
5 jobs supported
Industry: General Automotive Repair
Location: Newport, MN
Lender: Merchants Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with General Automotive Repair businesses in MN for ~$434k 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/master-tech-inc-mn
API:: https://www.capbench.com/api/public/businesses/master-tech-inc-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 Master Tech Inc.