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SBA lending record

Terhaar & Olson, LLC

203 Marsh St., Glenwood, MN 56334 · Drinking Places (Alcoholic Beverages). The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$140K

Total SBA financing

1

Loan on record

FY2021

On record

8

Jobs supported

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

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The loan

$140,000 — FY2021

Gross approval: $140,000
SBA guaranteed: $70,000 (50%)
Status: Current
Rate at approval: 4% f
Term: 62 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Business purchase
Approved: 8/17/2021
First disbursement: 9/23/2021
Days to fund: 37 days
Collateral: Required
Jobs supported: 8
Business type: Corporation
Business age: Change of Ownership
Industry: Drinking Places (Alcoholic Beverages)
NAICS code: 722410
Lender: Bonanza Valley State Bank
Address: 203 Marsh St.
City: Glenwood, 56334
County: Pope
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

The lender

Bonanza Valley State Bank

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding drinking places (alcoholic beverages) — by location, industry.

SBA lenders in Minnesota Lenders for drinking places (alcoholic beverages)Drinking Places (Alcoholic Beverages) lenders in Minnesota

Similar businesses

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

Springhill Jen, LLC

Melrose, MN· ~21 mi

Drinking Places (Alcoholic Beverages)

$119K
SBA financing: ≈ $234K–$390K
Est. revenue (rough)

Andy's Hometown Tavern L.L.C.

Eden Valley, MN· ~38 mi

Drinking Places (Alcoholic Beverages)

$146K
SBA financing: ≈ $286K–$477K
Est. revenue (rough)

The Spot for drinks and dining llc

Belgrade, MN· ~14 mi

Drinking Places (Alcoholic Beverages)

$426K
SBA financing: ≈ $835K–$1.4M
Est. revenue (rough)

slj llc

Albany, MN· ~31 mi

Drinking Places (Alcoholic Beverages)

$202K
SBA financing: ≈ $395K–$658K
Est. revenue (rough)

The Wine Lounge L.L.C.

Hutchinson, MN· ~64 mi

Drinking Places (Alcoholic Beverages)

$110K
SBA financing: ≈ $216K–$359K
Est. revenue (rough)

Happy Hour Bar & Grill

Montgomery, MN· ~113 mi

Drinking Places (Alcoholic Beverages)

$126K
SBA financing: ≈ $247K–$412K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Terhaar & Olson, LLC in Glenwood, MN (Drinking Places (Alcoholic Beverages)). 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 $140K
On record FY2021
8 jobs supported
Industry: Drinking Places (Alcoholic Beverages)
Location: Glenwood, MN
Lender: Bonanza Valley State Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Drinking Places (Alcoholic Beverages) businesses in MN for ~$140k 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/terhaar-olson-llc-mn
API:: https://www.capbench.com/api/public/businesses/terhaar-olson-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.

Is Terhaar & Olson, LLC your business?

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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 Terhaar & Olson, LLC.

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