SBA lending record
STEPP MANUFACTURING INC
12325 RIVER RD, North Branch, MN 55056 · Construction Machinery Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.8M
Total SBA financing
4
Loans on record
FY2021
On record
200
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 4 loans
$100,000 — FY2021
Loan 1 of 4- Gross approval
- $100,000
- SBA guaranteed
- $90,000 (90%)
- Status
- Cancelled
- Rate at approval
- 6% v
- Term
- 120 mo (10 yr)
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 2/5/2021
- Collateral
- Required
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Construction Machinery Manufacturing
- NAICS code
- 333120
- Lender
- Byline Bank
- Address
- 12325 RIVER RD
- City
- North Branch, 55056
- County
- Chisago
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$1,300,000 — FY2021
Loan 2 of 4- Gross approval
- $1,300,000
- SBA guaranteed
- $1,170,000 (90%)
- Status
- Cancelled
- Rate at approval
- 6% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 2/5/2021
- Collateral
- Required
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Construction Machinery Manufacturing
- NAICS code
- 333120
- Lender
- Byline Bank
- Address
- 12325 RIVER RD
- City
- North Branch, 55056
- County
- Chisago
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$1,300,000 — FY2021
Loan 3 of 4- Gross approval
- $1,300,000
- SBA guaranteed
- $1,170,000 (90%)
- Status
- Paid in full
- Rate at approval
- 6% v
- Term
- 300 mo (25 yr)
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 2/5/2021
- First disbursement
- 2/24/2021
- Days to fund
- 19 days
- Paid in full
- 3/31/2023
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Construction Machinery Manufacturing
- NAICS code
- 333120
- Lender
- Byline Bank
- Address
- 12325 RIVER RD
- City
- North Branch, 55056
- County
- Chisago
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$100,000 — FY2021
Loan 4 of 4- Gross approval
- $100,000
- SBA guaranteed
- $90,000 (90%)
- Status
- Paid in full
- Rate at approval
- 6% v
- Term
- 120 mo (10 yr)
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 2/5/2021
- First disbursement
- 2/24/2021
- Days to fund
- 19 days
- Paid in full
- 11/30/2022
- Collateral
- Required
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Construction Machinery Manufacturing
- NAICS code
- 333120
- Lender
- Byline Bank
- Address
- 12325 RIVER RD
- City
- North Branch, 55056
- County
- Chisago
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
The lender
Find SBA lenders for businesses like this
The banks most active funding construction machinery manufacturing — by location, industry.
Similar businesses
Comparable construction machinery manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
STEPP MANUFACTURING CO., INC.
North Branch, MN· ~0 mi
Construction Machinery Manufacturing
- $250K
- SBA financing
- ≈ $490K–$817K
- Est. revenue (rough)
G & K Machining, Inc.
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- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
THORNBERG STEEL INC
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Construction Machinery Manufacturing
- $100K
- SBA financing
- ≈ $196K–$327K
- Est. revenue (rough)
Branch Manager L. L. C.
Ramsey, MN· ~38 mi
Construction Machinery Manufacturing
- $250K
- SBA financing
- ≈ $490K–$817K
- Est. revenue (rough)
Excavating Concepts and Construction, LLC
New Richmond, WI· ~34 mi
Construction Machinery Manufacturing
- $400K
- SBA financing
- ≈ $784K–$1.3M
- Est. revenue (rough)
Med-Co L.L.C.
Federal Way, WA· ~1397 mi
Construction Machinery Manufacturing
- $3.9M
- SBA financing
- ≈ $7.6M–$13M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for STEPP MANUFACTURING INC in North Branch, MN (Construction Machinery Manufacturing). 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.
- 4 SBA 7(a) loans totaling $2.8M
- On record FY2021
- 200 jobs supported
- Industry: Construction Machinery Manufacturing
- Location: North Branch, MN
- Lender: Byline Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Construction Machinery Manufacturing businesses in MN for ~$700k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- 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.
- 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 STEPP MANUFACTURING INC.