SBA lending record

Prairie Composites LLC

46975 535TH AVE, Perham, MN 56573 · Textile Bag and Canvas Mills. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$125K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

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

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The loan

$125,000 — FY2023

Gross approval: $125,000
SBA guaranteed: $62,500 (50%)
Status: Current
Rate at approval: 7% f
Term: 180 mo (15 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/25/2023
First disbursement: 9/11/2023
Days to fund: 17 days
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Textile Bag and Canvas Mills
NAICS code: 314910
Lender: Farmers & Merchants State Bank of New York Mills, Incorporated
Address: 46975 535TH AVE
City: Perham, 56573
County: Otter Tail
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

The lender

Farmers & Merchants State Bank of New York Mills, Incorporated

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding textile bag and canvas mills — by location, industry.

SBA lenders in Minnesota Lenders for textile bag and canvas mills Textile Bag and Canvas Mills lenders in Minnesota

Similar businesses

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

TIP TOP MARINE CANVAS & UPHOLSTERY, LLC

Hollywood, FL· ~1651 mi

Textile Bag and Canvas Mills

$120K
SBA financing: ≈ $235K–$392K
Est. revenue (rough)

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JOAN & STEKEL INDUSTRIES, LLC

Fort Lauderdale, FL· ~1649 mi

Textile Bag and Canvas Mills

$118K
SBA financing: ≈ $231K–$386K
Est. revenue (rough)

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Gray Canvasworks LLC

Rockport, ME· ~1278 mi

Textile Bag and Canvas Mills

$118K
SBA financing: ≈ $232K–$387K
Est. revenue (rough)

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Nault Holdings, LLC

Quinnesec, MI· ~358 mi

Textile Bag and Canvas Mills

$77K
SBA financing: ≈ $150K–$250K
Est. revenue (rough)

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Granite State Cover & Canvas, Inc.

Plaistow, NH· ~1215 mi

Textile Bag and Canvas Mills

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

View record

LOPEZ AWNING AND SHADE COMPANY

Janesville, WI· ~415 mi

Textile Bag and Canvas Mills

$473K
SBA financing: ≈ $927K–$1.5M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Prairie Composites LLC in Perham, MN (Textile Bag and Canvas Mills). 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 $125K
On record FY2023
3 jobs supported
Industry: Textile Bag and Canvas Mills
Location: Perham, MN
Lender: Farmers & Merchants State Bank of New York Mills, Incorporated

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Textile Bag and Canvas Mills businesses in MN for ~$125k 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/prairie-composites-llc-mn
API:: https://www.capbench.com/api/public/businesses/prairie-composites-llc-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 Prairie Composites LLC.