SBA lending record

Sweet Towing, LLC

1181 Brody Blvd, Owatonna, MN 55060 · Motor Vehicle Towing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$677K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

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

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The loan

$676,900 — FY2023

Gross approval: $676,900
SBA guaranteed: $507,675 (75%)
Status: Current
Rate at approval: 9.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 6/23/2023
First disbursement: 6/27/2023
Days to fund: 4 days
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Change of Ownership
Industry: Motor Vehicle Towing
NAICS code: 488410
Lender: Frandsen Bank and Trust
Address: 1181 Brody Blvd
City: Owatonna, 55060
County: Steele
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 1

The lender

Frandsen Bank and Trust

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 motor vehicle towing — by location, industry.

SBA lenders in Minnesota Lenders for motor vehicle towing Motor Vehicle Towing lenders in Minnesota

Similar businesses

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

Weyand Companies LLC

Minnetonka, MN· ~58 mi

Motor Vehicle Towing

$1.0M
SBA financing: ≈ $2.0M–$3.3M
Est. revenue (rough)

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Citywide Service Corp.

Minneapolis, MN· ~70 mi

Motor Vehicle Towing

$1.1M
SBA financing: ≈ $2.1M–$3.6M
Est. revenue (rough)

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Collins Brothers Towing, Inc.

Elk River, MN· ~81 mi

Motor Vehicle Towing

$904K
SBA financing: ≈ $1.8M–$3.0M
Est. revenue (rough)

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Toufong Towing and Autobody Inc

Vadnais Heights, MN· ~66 mi

Motor Vehicle Towing

$1.3M
SBA financing: ≈ $2.5M–$4.2M
Est. revenue (rough)

View record

S & R Towing and Service, LLC

Cameron, WI· ~118 mi

Motor Vehicle Towing

$1.0M
SBA financing: ≈ $2.0M–$3.3M
Est. revenue (rough)

View record

11th Hour Recovery, Incorporated

Ham Lake, MN· ~80 mi

Motor Vehicle Towing

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

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Agent summary

This page summarizes the public SBA 7(a) lending record for Sweet Towing, LLC in Owatonna, MN (Motor Vehicle Towing). 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 $677K
On record FY2023
2 jobs supported
Industry: Motor Vehicle Towing
Location: Owatonna, MN
Lender: Frandsen Bank and Trust

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Motor Vehicle Towing businesses in MN for ~$677k 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/sweet-towing-llc-mn
API:: https://www.capbench.com/api/public/businesses/sweet-towing-llc-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 Sweet Towing, LLC.