SBA lending record

SND appliances

3481 LAUREL DR NW, Bemidji, MN 56601 · Household Appliance Stores. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$288K

Total SBA financing

Loans on record

FY2020–24

On record

Jobs supported

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

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All 3 loans

$65,000 — FY2024

Loan 1 of 3

Gross approval: $65,000
SBA guaranteed: $55,250 (85%)
Status: Paid in full
Rate at approval: 8% v
Term: 48 mo (4 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/7/2024
First disbursement: 2/9/2024
Days to fund: 2 days
Paid in full: 1/31/2026
Collateral: Required
Jobs supported: 12
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Household Appliances, Electric Housewares, and Consumer Elec
NAICS code: 423620
Lender: Ultima Bank Minnesota
Address: 3481 LAUREL DR NW
City: Bemidji, 56601
County: Beltrami
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

$100,000 — FY2024

Loan 2 of 3

Gross approval: $100,000
SBA guaranteed: $50,000 (50%)
Status: Current
Rate at approval: 8% v
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/7/2024
First disbursement: 2/9/2024
Days to fund: 2 days
Collateral: Required
Jobs supported: 12
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Household Appliances, Electric Housewares, and Consumer Elec
NAICS code: 423620
Lender: Ultima Bank Minnesota
Address: 3481 LAUREL DR NW
City: Bemidji, 56601
County: Beltrami
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

$123,000 — FY2020

Loan 3 of 3

Gross approval: $123,000
SBA guaranteed: $61,500 (50%)
Status: Paid in full
Rate at approval: 6% f
Term: 48 mo (4 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/23/2020
First disbursement: 9/30/2020
Days to fund: 7 days
Paid in full: 9/30/2024
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Household Appliance Stores
NAICS code: 443141
Lender: Security Bank USA
Address: 3481 LAUREL DR NW
City: Bemidji, 56601
County: Beltrami
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

The lenders

Ultima Bank Minnesota

2 loans to this businessFull SBA lending record + branches on the lender page →

Security Bank USA

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

Find SBA lenders for businesses like this

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.

Schroeder's Corporation

Brainerd, MN· ~83 mi

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$450K
SBA financing: ≈ $883K–$1.5M
Est. revenue (rough)

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RENAISSANCE APPLIANCES INC

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Household Appliance Stores

$240K
SBA financing: ≈ $471K–$785K
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Gandhi Electronics & Appliances Inc.

Chicago, IL· ~519 mi

Household Appliance Stores

$295K
SBA financing: ≈ $578K–$964K
Est. revenue (rough)

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ALL IN ONE APPLIANCE AND ELECTRONICS INC

Monroe, NY· ~1104 mi

Household Appliance Stores

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

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Bickford-Davis LLC

Clinton, IA· ~455 mi

Household Appliance Stores

$250K
SBA financing: ≈ $490K–$817K
Est. revenue (rough)

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Mohican Appliance LLC

Loudonville, OH· ~786 mi

Household Appliance Stores

$200K
SBA financing: ≈ $392K–$654K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for SND appliances in Bemidji, 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.

3 SBA 7(a) loans totaling $288K
On record FY2020–24
28 jobs supported
Industry: Household Appliance Stores
Location: Bemidji, MN
Lenders: Ultima Bank Minnesota, Security Bank USA

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 ~$96k 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 2026-08-01.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/snd-appliances-mn
API:: https://www.capbench.com/api/public/businesses/snd-appliances-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.

Reddit-style: SND appliances's SBA record

A plain-English, discussion-style recap of the answer above — how Reddit would present it.

SBA-financed

SND appliances

Bemidji, MN: 3 SBA 7(a) loans totaling $288K. Industry: Household Appliance Stores. On record FY2020–24.

Who financed it

Ultima Bank Minnesota · Security Bank USA

The loans

$65K — Ultima Bank Minnesota (FY2024) $100K — Ultima Bank Minnesota (FY2024) $123K — Security Bank USA (FY2020)

Jobs supported

28 jobs on the loan records.

Related threads

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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 SND appliances.