SBA lending record

Springfield Advance-Press

510 W CENTRAL ST, Springfield, MN 56087 · Newspaper Publishers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$150K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

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

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The loan

$150,000 — FY2021

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Current
Rate at approval: 5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 11/16/2020
First disbursement: 11/16/2020
Days to fund: 0 days
Collateral: Required
Jobs supported: 4
Business type: Individual
Business age: Change of Ownership
Industry: Newspaper Publishers
NAICS code: 511110
Lender: Farmers and Merchants State Bank of Springfield
Address: 510 W CENTRAL ST
City: Springfield, 56087
County: Brown
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 1

The lender

Farmers and Merchants State Bank of Springfield

1 loan to this business

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The banks most active funding newspaper publishers — by location, industry.

SBA lenders in Minnesota Lenders for newspaper publishers Newspaper Publishers lenders in Minnesota

Similar businesses

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

Adam Conroy

Madison, MN· ~80 mi

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$130K
SBA financing: ≈ $255K–$425K
Est. revenue (rough)

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Sturek Media, Inc

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$255K
SBA financing: ≈ $500K–$833K
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Red Lake County Gazette LLC

Red Lake Falls, MN· ~259 mi

Newspaper Publishers

$66K
SBA financing: ≈ $130K–$217K
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OUTDOOR NEWS INC.

Plymouth, MN· ~96 mi

Newspaper Publishers

$500K
SBA financing: ≈ $980K–$1.6M
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Miner News & Printing, Inc.

Hurley, WI· ~279 mi

Newspaper Publishers

$45K
SBA financing: ≈ $88K–$147K
Est. revenue (rough)

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ODN INVESTMENTS INC

Plymouth, MN· ~96 mi

Newspaper Publishers

$2.0M
SBA financing: ≈ $3.9M–$6.5M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Springfield Advance-Press in Springfield, MN (Newspaper Publishers). 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 $150K
On record FY2021
4 jobs supported
Industry: Newspaper Publishers
Location: Springfield, MN
Lender: Farmers and Merchants State Bank of Springfield

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Newspaper Publishers businesses in MN for ~$150k 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/springfield-advance-press-mn
API:: https://www.capbench.com/api/public/businesses/springfield-advance-press-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 Springfield Advance-Press.