SBA lending record

Merus LLC

5151 EDINA INDUSTRIAL BLVD, Minneapolis, MN 55439 · Wholesale Trade Agents and Brokers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$8.0M

Total SBA financing

Loans on record

FY2020–22

On record

Jobs supported

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

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All 4 loans

$1,000,000 — FY2022

Loan 1 of 4

Gross approval: $1,000,000
SBA guaranteed: $900,000 (90%)
Status: Paid in full
Rate at approval: 4% v
Term: 24 mo (2 yr)
Program: 7a with EWCP
Subprogram: Revolving Line of Credit Expor
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/7/2021
First disbursement: 12/22/2021
Days to fund: 15 days
Paid in full: 12/31/2023
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Grain and Field Bean Merchant Wholesalers
NAICS code: 424510
Lender: Platinum Bank
Address: 7400 Metro Boulevard
City: Minneapolis, 55439
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

$2,000,000 — FY2021

Loan 2 of 4

Gross approval: $2,000,000
SBA guaranteed: $1,800,000 (90%)
Status: Paid in full
Rate at approval: 4% v
Term: 12 mo (1 yr)
Program: 7a with EWCP
Subprogram: Revolving Line of Credit Expor
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/15/2021
First disbursement: 2/24/2021
Days to fund: 40 days
Paid in full: 10/31/2021
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Wholesale Trade Agents and Brokers
NAICS code: 425120
Lender: Platinum Bank
Address: 7400 Metro Blvd
City: Minneapolis, 55439
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

$3,000,000 — FY2021

Loan 3 of 4

Gross approval: $3,000,000
SBA guaranteed: $2,700,000 (90%)
Status: Paid in full
Rate at approval: 0.75% v
Term: 36 mo (3 yr)
Program: 7a with EWCP
Subprogram: Revolving Line of Credit Expor
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/28/2021
First disbursement: 10/29/2021
Days to fund: 31 days
Paid in full: 10/31/2024
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Grain and Field Bean Merchant Wholesalers
NAICS code: 424510
Lender: Platinum Bank
Address: 7400 Metro Boulevard
City: Minneapolis, 55439
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

$2,000,000 — FY2020

Loan 4 of 4

Gross approval: $2,000,000
SBA guaranteed: $1,800,000 (90%)
Status: Paid in full
Rate at approval: 5.5% v
Term: 12 mo (1 yr)
Program: 7a with EWCP
Subprogram: Revolving Line of Credit Expor
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/30/2019
First disbursement: 1/31/2020
Days to fund: 32 days
Paid in full: 2/28/2021
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Wholesale Trade Agents and Brokers
NAICS code: 425120
Lender: Platinum Bank
Address: 5151 EDINA INDUSTRIAL BLVD
City: Minneapolis, 55439
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

The lender

Platinum Bank

4 loans to this businessFull SBA lending record + branches on the lender page →

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