SBA lending record

THE RUSTY NAIL

123 Lake Ave. S., Battle Lake, MN 56515 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$72K

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

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

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The loan

$72,000 — FY2020

Gross approval: $72,000
SBA guaranteed: $36,000 (50%)
Status: Paid in full
Rate at approval: 7.5% f
Term: 60 mo (5 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/7/2019
First disbursement: 11/30/2019
Days to fund: 23 days
Paid in full: 2/28/2022
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: My Kind of Bank National Association
Address: 123 Lake Ave. S.
City: Battle Lake, 56515
County: Otter Tail
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 7

The lender

My Kind of Bank National Association

1 loan to this business

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The banks most active funding full-service restaurants — by location, industry.

SBA lenders in Minnesota Lenders for full-service restaurants Full-Service Restaurants lenders in Minnesota

Similar businesses

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

Streiff Properties, LLC

Frazee, MN· ~31 mi

Full-Service Restaurants

$68K
SBA financing: ≈ $133K–$222K
Est. revenue (rough)

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Ordella LLC

Sebeka, MN· ~38 mi

Full-Service Restaurants

$66K
SBA financing: ≈ $130K–$217K
Est. revenue (rough)

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Midday Meal Prep Inc

Fergus Falls, MN· ~17 mi

Full-Service Restaurants

$158K
SBA financing: ≈ $311K–$518K
Est. revenue (rough)

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Hagen & Hagen, LLC

Wadena, MN· ~30 mi

Full-Service Restaurants

$46K
SBA financing: ≈ $91K–$151K
Est. revenue (rough)

View record

Tawl Holding Company Inc.

Battle Lake, MN· ~0 mi

Full-Service Restaurants

$550K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

View record

Sol Ave. Kitchen, Inc.

Moorhead, MN· ~64 mi

Full-Service Restaurants

$75K
SBA financing: ≈ $147K–$245K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for THE RUSTY NAIL in Battle Lake, MN (Full-Service Restaurants). 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 $72K
On record FY2020
15 jobs supported
Industry: Full-Service Restaurants
Location: Battle Lake, MN
Lender: My Kind of Bank National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in MN for ~$72k 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/the-rusty-nail-mn
API:: https://www.capbench.com/api/public/businesses/the-rusty-nail-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 THE RUSTY NAIL.