SBA lending record
Matthew Schmit
29824 360th AVE SE, Trail, MN 56684 · Beef Cattle Ranching and Farming. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$41K
Total SBA financing
2
Loans on record
FY2021–22
On record
2
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Matthew Schmit your business?
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All 2 loans
$10,000 — FY2022
Loan 1 of 2- Gross approval
- $10,000
- SBA guaranteed
- $5,000 (50%)
- Status
- Current
- Rate at approval
- 6% v
- Term
- 60 mo (5 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/8/2022
- First disbursement
- 6/13/2022
- Days to fund
- 5 days
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Individual
- Business age
- Existing or more than 2 years old
- Industry
- Beef Cattle Ranching and Farming
- NAICS code
- 112111
- Lender
- Ultima Bank Minnesota
- Address
- 29824 360th AVE SE
- City
- Trail, 56684
- County
- Polk
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
$31,000 — FY2021
Loan 2 of 2- Gross approval
- $31,000
- SBA guaranteed
- $23,250 (75%)
- Status
- Current
- Rate at approval
- 5.25% v
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/19/2021
- First disbursement
- 7/26/2021
- Days to fund
- 7 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 1
- Business type
- Individual
- Business age
- Existing or more than 2 years old
- Industry
- Beef Cattle Ranching and Farming
- NAICS code
- 112111
- Lender
- Ultima Bank Minnesota
- Address
- 29824 360th AVE SE
- City
- Trail, 56684
- County
- Pennington
- 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 beef cattle ranching and farming — by location, industry.
Similar businesses
Comparable beef cattle ranching and farming in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Larry Pond
Leonard, MN· ~21 mi
Beef Cattle Ranching and Farming
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Wayne Savig
Fosston, MN· ~11 mi
Beef Cattle Ranching and Farming
- $100K
- SBA financing
- ≈ $196K–$327K
- Est. revenue (rough)
Cole Kortan
Bagley, MN· ~23 mi
Beef Cattle Ranching and Farming
- $29K
- SBA financing
- ≈ $57K–$95K
- Est. revenue (rough)
Benjamin Gerald Christensen
Bagley, MN· ~20 mi
Beef Cattle Ranching and Farming
- $27K
- SBA financing
- ≈ $52K–$87K
- Est. revenue (rough)
Dwight M Wendorff
Bemidji, MN· ~36 mi
Beef Cattle Ranching and Farming
- $45K
- SBA financing
- ≈ $88K–$147K
- Est. revenue (rough)
Cecil Louks
Bemidji, MN· ~47 mi
Beef Cattle Ranching and Farming
- $40K
- SBA financing
- ≈ $78K–$131K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Matthew Schmit in Trail, MN (Beef Cattle Ranching and 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 $41K
- On record FY2021–22
- 2 jobs supported
- Industry: Beef Cattle Ranching and Farming
- Location: Trail, MN
- Lender: Ultima Bank Minnesota
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Beef Cattle Ranching and Farming businesses in MN for ~$21k 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 Matthew Schmit.