SBA lending record

Richard Koons

104 Dugan St N, Welcome, MN 56181 · All Other Support Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$48K

Total SBA financing

Loan on record

FY2022

On record

Jobs supported

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

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The loan

$48,000 — FY2022

Gross approval: $48,000
SBA guaranteed: $24,000 (50%)
Status: Current
Rate at approval: 5.75% v
Term: 180 mo (15 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/12/2021
First disbursement: 10/12/2021
Days to fund: 0 days
Collateral: Required
Jobs supported: 1
Business type: Individual
Business age: Existing or more than 2 years old
Industry: All Other Support Services
NAICS code: 561990
Lender: Welcome State Bank
Address: 104 Dugan St N
City: Welcome, 56181
County: Martin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 1

The lender

Welcome State Bank

1 loan to this business

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Agent summary

This page summarizes the public SBA 7(a) lending record for Richard Koons in Welcome, MN (All Other Support Services). 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 $48K
On record FY2022
1 jobs supported
Industry: All Other Support Services
Location: Welcome, MN
Lender: Welcome State Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Support Services businesses in MN for ~$48k 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/richard-koons-mn
API:: https://www.capbench.com/api/public/businesses/richard-koons-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 Richard Koons.