SBA lending record
Wild Ely LLC
1047 E Sheridan St, Ely, MN 55731 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$443K
Total SBA financing
2
Loans on record
FY2021
On record
7
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Wild Ely LLC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 2 loans
$391,000 — FY2021
Loan 1 of 2- Gross approval
- $391,000
- SBA guaranteed
- $351,900 (90%)
- Status
- Current
- Rate at approval
- 4% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 7/13/2021
- First disbursement
- 7/15/2021
- Days to fund
- 2 days
- Collateral
- Required
- Jobs supported
- 4
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Lender
- Frandsen Bank and Trust
- Address
- 1047 E Sheridan St
- City
- Ely, 55731
- County
- Saint Louis
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$52,100 — FY2021
Loan 2 of 2- Gross approval
- $52,100
- SBA guaranteed
- $39,075 (75%)
- Status
- Current
- Rate at approval
- 4.5% f
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/16/2021
- First disbursement
- 9/23/2021
- Days to fund
- 7 days
- Collateral
- Required
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Hotels (except Casino Hotels) and Motels
- NAICS code
- 721110
- Address
- 1047 E Sheridan
- City
- Ely, 55731
- County
- Saint Louis
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
The lenders
Frandsen Bank and Trust
1 loan to this businessFull SBA lending record + branches on the lender page →Northeast Entrepreneur Fund, Inc.
1 loan to this businessFind SBA lenders for businesses like this
The banks most active funding hotels (except casino hotels) and motels — by location, industry.
Similar businesses
Comparable hotels (except casino hotels) and motels in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Pillar Hospitality Group LLC
Ely, MN· ~12 mi
Hotels (except Casino Hotels) and Motels
- $4.3M
- SBA financing
- ≈ $8.4M–$14M
- Est. revenue (rough)
Estrella Del Norte, LLC
Grand Marais, MN· ~71 mi
Hotels (except Casino Hotels) and Motels
- $401K
- SBA financing
- ≈ $786K–$1.3M
- Est. revenue (rough)
Northwoods Motel Hayward LLC
Hayward, WI· ~133 mi
Hotels (except Casino Hotels) and Motels
- $496K
- SBA financing
- ≈ $972K–$1.6M
- Est. revenue (rough)
Endion Station Hotel LLC
Duluth, MN· ~78 mi
Hotels (except Casino Hotels) and Motels
- $350K
- SBA financing
- ≈ $686K–$1.1M
- Est. revenue (rough)
ARYANA INCORPORATED
Park Falls, WI· ~152 mi
Hotels (except Casino Hotels) and Motels
- $373K
- SBA financing
- ≈ $732K–$1.2M
- Est. revenue (rough)
Reid Ferguson
Webster, WI· ~144 mi
Hotels (except Casino Hotels) and Motels
- $464K
- SBA financing
- ≈ $910K–$1.5M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Wild Ely LLC in Ely, MN (Hotels (except Casino Hotels) and Motels). 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.
- 2 SBA 7(a) loans totaling $443K
- On record FY2021
- 7 jobs supported
- Industry: Hotels (except Casino Hotels) and Motels
- Location: Ely, MN
- Lenders: Frandsen Bank and Trust, Northeast Entrepreneur Fund, Inc.
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hotels (except Casino Hotels) and Motels businesses in MN for ~$222k 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 Wild Ely LLC.