SBA lending record

Schroeder's Corporation

16603 State Hwy 371, Brainerd, MN 56401 · Household Appliance Stores. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$450K

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

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

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The loan

$450,400 — FY2020

Gross approval: $450,400
SBA guaranteed: $337,800 (75%)
Status: Paid in full
Rate at approval: 6% v
Term: 60 mo (5 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 9/3/2020
First disbursement: 9/30/2020
Days to fund: 27 days
Paid in full: 11/30/2022
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 10
Business type: Corporation
Business age: Change of Ownership
Industry: Household Appliance Stores
NAICS code: 443141
Lender: Old National Bank
Address: 16603 State Hwy 371
City: Brainerd, 56401
County: Crow Wing
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Old National Bank

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

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The banks most active funding household appliance stores — by location, industry.

SBA lenders in Minnesota Lenders for household appliance stores Household Appliance Stores lenders in Minnesota

Similar businesses

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

SND appliances

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SBA financing: ≈ $565K–$941K
Est. revenue (rough)

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GULER APPLIANCE CO.

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$495K
SBA financing: ≈ $971K–$1.6M
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ALL IN ONE APPLIANCE AND ELECTRONICS INC

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$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

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Quality Maytag Inc.

Prescott, AZ· ~1256 mi

Household Appliance Stores

$478K
SBA financing: ≈ $937K–$1.6M
Est. revenue (rough)

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Strange Properties LLC

Suffolk, VA· ~1126 mi

Household Appliance Stores

$427K
SBA financing: ≈ $838K–$1.4M
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McAlester Home Store LLC

Mcalester, OK· ~796 mi

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$399K
SBA financing: ≈ $783K–$1.3M
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Agent summary

This page summarizes the public SBA 7(a) lending record for Schroeder's Corporation in Brainerd, MN (Household Appliance Stores). 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 $450K
On record FY2020
10 jobs supported
Industry: Household Appliance Stores
Location: Brainerd, MN
Lender: Old National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Household Appliance Stores businesses in MN for ~$450k 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 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/schroeder-s-corporation-mn
API:: https://www.capbench.com/api/public/businesses/schroeder-s-corporation-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 Schroeder's Corporation.