SBA lending record

MIDWEST CUTTERS, INC

2720 12TH ST W # 300, Sioux Falls, SD 57104 · Beauty Salons. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$35K

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

$34,700 — FY2021

Gross approval: $34,700
SBA guaranteed: $26,025 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 7.75% v
Term: 84 mo (7 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/13/2021
First disbursement: 7/14/2021
Days to fund: 1 days
Collateral: None
Jobs supported: 8
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Beauty Salons
NAICS code: 812112
Lender: U.S. Bank, National Association
Address: 2720 12TH ST W # 300
City: Sioux Falls, 57104
County: Minnehaha
SBA district office: SOUTH DAKOTA DISTRICT OFFICE
Congressional district: 0

The lender

U.S. Bank, National Association

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

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The banks most active funding beauty salons — by location, industry.

SBA lenders in South Dakota Lenders for beauty salons Beauty Salons lenders in South Dakota

Similar businesses

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

Ayla Cheree Studio LLC

Sioux Falls, SD· ~2 mi

Beauty Salons

$27K
SBA financing: ≈ $53K–$88K
Est. revenue (rough)

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Arcana Lash Co. and Suites LLC

Sioux Falls, SD· ~5 mi

Beauty Salons

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

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ISC, LLC

Sioux Falls, SD· ~4 mi

SportClips

$644K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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ACTION HAIR SALON INC

Minneapolis, MN· ~191 mi

Beauty Salons

$35K
SBA financing: ≈ $69K–$115K
Est. revenue (rough)

View record

SOJEKI L.L.C.

Hopkins, MN· ~191 mi

Beauty Salons

$33K
SBA financing: ≈ $64K–$107K
Est. revenue (rough)

View record

Empowered Beauty, LLC

Glenwood, MN· ~161 mi

Beauty Salons

$35K
SBA financing: ≈ $69K–$114K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for MIDWEST CUTTERS, INC in Sioux Falls, SD (Beauty Salons). 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 $35K
On record FY2021
8 jobs supported
Industry: Beauty Salons
Location: Sioux Falls, SD
Lender: U.S. Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Beauty Salons businesses in SD for ~$35k 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/midwest-cutters-inc-sd
API:: https://www.capbench.com/api/public/businesses/midwest-cutters-inc-sd
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 MIDWEST CUTTERS, INC.