SBA lending record
Paramount Materials, Inc.
1922 Glenwood Drive, Grand Rapids, MN 55744 · Other Building Material Dealers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$3.6M
Total SBA financing
3
Loans on record
FY2021–22
On record
33
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Paramount Materials, Inc. your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 3 loans
$932,400 — FY2022
Loan 1 of 3- Gross approval
- $932,400
- SBA guaranteed
- $699,300 (75%)
- Status
- Current
- Rate at approval
- 4.28% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 3/14/2022
- First disbursement
- 3/25/2022
- Days to fund
- 11 days
- Collateral
- Required
- Jobs supported
- 5
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Building Material Dealers
- NAICS code
- 444180
- Lender
- The Bank of Elk River
- Address
- 20834 US HIGHWAY 169
- City
- Grand Rapids, 55744
- County
- Itasca
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$200,000 — FY2021
Loan 2 of 3- Gross approval
- $200,000
- SBA guaranteed
- $100,000 (50%)
- Status
- Current
- Rate at approval
- 5.25% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/28/2021
- First disbursement
- 6/1/2021
- Days to fund
- 34 days
- Collateral
- Required
- Jobs supported
- 14
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Other Building Material Dealers
- NAICS code
- 444190
- Lender
- The Bank of Elk River
- Address
- 1922 Glenwood Drive
- City
- Grand Rapids, 55744
- County
- Itasca
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$2,424,900 — FY2021
Loan 3 of 3- Gross approval
- $2,424,900
- SBA guaranteed
- $2,182,410 (90%)
- Status
- Current
- Rate at approval
- 3.79% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 4/28/2021
- First disbursement
- 4/30/2021
- Days to fund
- 2 days
- Collateral
- Required
- Jobs supported
- 14
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Other Building Material Dealers
- NAICS code
- 444190
- Lender
- The Bank of Elk River
- Address
- 1922 Glenwood Drive
- City
- Grand Rapids, 55744
- County
- Itasca
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
The lender
The Bank of Elk River
3 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding other building material dealers — by location, industry.
Similar businesses
Comparable other building material dealers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
DesJardins Holdings LLC
Longville, MN· ~38 mi
Other Building Material Dealers
- $1.9M
- SBA financing
- ≈ $3.6M–$6.1M
- Est. revenue (rough)
Kotsmith Lumber LLC
Foley, MN· ~111 mi
Other Building Material Dealers
- $2.6M
- SBA financing
- ≈ $5.1M–$8.5M
- Est. revenue (rough)
Mueller Lumber, Inc.
St. Martin, MN· ~132 mi
Other Building Material Dealers
- $2.3M
- SBA financing
- ≈ $4.4M–$7.4M
- Est. revenue (rough)
FALLS LUMBER COMPANY, INC.
International Falls, MN· ~94 mi
Other Building Material Dealers
- $1.9M
- SBA financing
- ≈ $3.8M–$6.4M
- Est. revenue (rough)
BEMIDJI STEEL COMPANY, INC.
Bemidji, MN· ~67 mi
Other Building Material Dealers
- $1.0M
- SBA financing
- ≈ $2.0M–$3.3M
- Est. revenue (rough)
Granite Point LLC
Bozeman, MT· ~840 mi
Other Building Material Dealers
- $4.9M
- SBA financing
- ≈ $9.7M–$16M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Paramount Materials, Inc. in Grand Rapids, MN (Other Building Material Dealers). 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.
- 3 SBA 7(a) loans totaling $3.6M
- On record FY2021–22
- 33 jobs supported
- Industry: Other Building Material Dealers
- Location: Grand Rapids, MN
- Lender: The Bank of Elk River
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Other Building Material Dealers businesses in MN for ~$1.2M 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.
Is Paramount Materials, Inc. your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
Researching a business like this one?
The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.
CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Paramount Materials, Inc..