Lender record

Deerwood Bank

The real lending record — every figure from funded deals. HQ: 131 6th Ave S, Waite Park, MN. 14 branches.

Recent deals (FY20+)

$191K

Typical deal

29 days

Approval → funding

Failure rate (FY20–23)

Where Deerwood Bank lends

Deals Deerwood Bank funded — list all 17 as text

Platinum Lawn Care & Snow Removal Services LLC — White Bear Lake · $83K · FY2026 · Landscaping Services
Aitkin Auto Group, Inc — Aitkin · $1.8M · FY2022 · New Car Dealers
Main Street General, LLC — Richmond · $237K · FY2022 · Hardware Retailers
Main Street General, LLC — Richmond · $30K · FY2022 · Hardware Stores
The Sanctuary LLC — Crosby · $400K · FY2021 · Hotels (except Casino Hotels) and Motels
Touchdown Delivery, Inc. — Brainerd · $191K · FY2021 · Couriers and Express Delivery Services
Central Machine Limited Liability Company — Waite Park · $158K · FY2021 · Machine Shops
Crossover Physical Therapy L.L.C. — Saint Michael/Mn · $36K · FY2021 · Offices of Physical, Occupational and Speech Therapists, and
Crossover Physical Therapy L.L.C. — Saint Michael · $30K · FY2021 · Offices of Physical, Occupational and Speech Therapists, and
Optum Holdings, LLC — Farmington · $1.8M · FY2020 · Other Accounting Services
Lake Country Living Services, LLC — Rice · $586K · FY2020 · Assisted Living Facilities for the Elderly
A+ Outdoor Services, Inc. — Ham Lake · $350K · FY2020 · Landscaping Services
Touchdown Delivery, Inc. — Brainerd · $268K · FY2020 · Couriers and Express Delivery Services
Beartooth Corporation — Osseo · $200K · FY2020 · Security Systems Services (except Locksmiths)
Axness Chiropractic PLLC — Baxter · $150K · FY2020 · Offices of Chiropractors
A+ Outdoor Services, Inc. — Andover · $100K · FY2020 · Landscaping Services
Mad Monkey Media L.L.C. — Cape Coral · $71K · FY2020 · Commercial Printing (except Screen and Books)

Deal profile

Most Deerwood Bank deals land between $83K and $350K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

1.Landscaping Services (3)
2.Couriers and Express Delivery Services (2)
3.Offices of Physical, Occupational and Speech Therapists, and (2)
4.New Car Dealers (1)
5.Hardware Retailers (1)
6.Hardware Stores (1)
7.Hotels (except Casino Hotels) and Motels (1)
8.Machine Shops (1)

Most active states

1.Minnesota (16 deals)
2.Florida (1 deals)

Franchises they finance most

Do it Best – Membership Agreement

2 deals

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer

1 deals

Security 101

1 deals

Can Deerwood Bank fund you? The bank behind the loans

Total assets

$1.6B

▲ 9.1% vs prior quarter

Deposits on hand

$1.4B

▲ 9.8% vs prior quarter

Loans outstanding

$915.6M

▼ 1.4% vs prior quarter

Net income (latest qtr)

$6.6M

•SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes Deerwood Bank more SBA-focused than 9% of the banks on our record.
•Deposits grew last quarter — more raw lending capacity than the quarter before.
•Return on assets of 1.77% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

Free · No obligation · Usually same-day

Get in touch with Deerwood Bank

Tell us where to reach you and we'll arrange the introduction — to Deerwood Bank or a comparable SBA specialist who fits your deal even better.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

Walk into a Deerwood Bank branch (14)

Deerwood BankMain office131 6th Ave SWaite Park, MN 56387 · since 1910

Northome Branch12080 Main StNorthome, MN 56661 · since 1903

Deerwood Branch21236 Archibald RdDeerwood, MN 56444 · since 1910

Mendota Heights Branch1060 Dakota DrMendota Heights, MN 55120 · since 1927

Garrison Branch9451 Madison StGarrison, MN 56450 · since 1979

Saint Paul Branch2310 7th St WSaint Paul, MN 55116 · since 1995

Blackduck Branch16 Summit Ave WBlackduck, MN 56630 · since 1996

Bemidji Branch1350 Paul Bunyan Dr NwBemidji, MN 56601 · since 1997

Baxter Branch14986 Lynwood DrBaxter, MN 56425 · since 1997

Saint Michael Branch12725 43rd St NeSaint Michael, MN 55376 · since 1999

Sartell Branch2351 Connecticut Ave SSartell, MN 56377 · since 2006

Brainerd Office Branch611 Washington St NeBrainerd, MN 56401 · since 2008

Grand Rapids Branch2950 S Highway 169Grand Rapids, MN 55744 · since 2012

Ogema Branch516 Main St WOgema, MN 56569 · since 2024

Scroll for all 14 branches · Branch data: FDIC BankFind.

Recent deals

Platinum Lawn Care & Snow Removal Services LLC in White Bear Lake, MN — $83K (2026) · purchase · Landscaping Services
Program
7a General
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$70K (85%)
Approved
3/24/2026
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Landscaping Services
If you were the buyer here
Est. deal size
$92K
Est. down payment (10%)
$9K
Est. cash at closing
$12K
Monthly payment
$1,079
Annual debt service
$13K
Cash flow needed (1.25×)
$16K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal
Aitkin Auto Group, Inc in Aitkin, MN — $1.8M (2022) · New Car Dealers
Program
7a General
Rate at approval
6.22% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.3M (75%)
Approval → funding
21 days
Approved
6/28/2022
First disbursed
7/19/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Franchise
General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer
Jobs supported
39
Business age
New Business or 2 years or less
Industry
New Car Dealers
Your business? Claim this record · Request removal
Main Street General, LLC in Richmond, MN — $237K (2022) · Hardware Retailers
Program
7a General
Rate at approval
6.75% variable
Term
240 mo (20 yrs)
SBA guaranteed
$177K (75%)
Approval → funding
19 days
Approved
8/12/2022
First disbursed
8/31/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Franchise
Do it Best – Membership Agreement
Jobs supported
17
Business age
New Business or 2 years or less
Industry
Hardware Retailers
Your business? Claim this record · Request removal
Main Street General, LLC in Richmond, MN — $30K (2022) · Hardware Stores
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$15K (50%)
Approval → funding
7 days
Approved
8/24/2022
First disbursed
8/31/2022
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Franchise
Do it Best – Membership Agreement
Jobs supported
17
Business age
New Business or 2 years or less
Industry
Hardware Stores
Your business? Claim this record · Request removal
The Sanctuary LLC in Crosby, MN — $400K (2021) · Hotels (except Casino Hotels) and Motels
Program
7a General
Rate at approval
5.25% variable
Term
249 months
SBA guaranteed
$360K (90%)
Approval → funding
47 days
Approved
9/9/2021
First disbursed
10/26/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
Startup, Loan Funds will Open Business
Industry
Hotels (except Casino Hotels) and Motels
Your business? Claim this record · Request removal
Touchdown Delivery, Inc. in Brainerd, MN — $191K (2021) · Couriers and Express Delivery Services
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$143K (75%)
Approval → funding
49 days
Approved
3/25/2021
First disbursed
5/13/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Existing or more than 2 years old
Industry
Couriers and Express Delivery Services
Your business? Claim this record · Request removal
Central Machine Limited Liability Company in Waite Park, MN — $158K (2021) · purchase · Machine Shops
Program
7a General
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$119K (75%)
Approval → funding
30 days
Approved
12/28/2020
First disbursed
1/27/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$176K
Est. down payment (10%)
$18K
Est. cash at closing
$24K
Monthly payment
$1,717
Annual debt service
$21K
Cash flow needed (1.25×)
$26K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal
Crossover Physical Therapy L.L.C. in Saint Michael/Mn, MN — $36K (2021) · Offices of Physical, Occupational and Speech Therapists, and
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
12 mo (1 yrs)
SBA guaranteed
$18K (50%)
Approved
12/18/2020
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Existing or more than 2 years old
Industry
Offices of Physical, Occupational and Speech Therapists, and
Your business? Claim this record · Request removal
Crossover Physical Therapy L.L.C. in Saint Michael, MN — $30K (2021) · Offices of Physical, Occupational and Speech Therapists, and
Program
7a General
Rate at approval
5.25% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$26K (85%)
Approval → funding
5 days
Approved
12/4/2020
First disbursed
12/9/2020
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Existing or more than 2 years old
Industry
Offices of Physical, Occupational and Speech Therapists, and
Your business? Claim this record · Request removal
Optum Holdings, LLC in Farmington, MN — $1.8M (2020) · purchase · Other Accounting Services
Program
7a General
Rate at approval
5.4% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.4M (75%)
Approval → funding
8 days
Approved
8/6/2020
First disbursed
8/14/2020
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
18
Business age
Change of Ownership
Industry
Other Accounting Services
If you were the buyer here
Est. deal size
$2.0M
Est. down payment (10%)
$202K
Est. cash at closing
$277K
Monthly payment
$19,597
Annual debt service
$235K
Cash flow needed (1.25×)
$294K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

One of these businesses yours? Claim your listing or request removal.

Work at Deerwood Bank?

Claim this profile free to keep your lending record accurate, route buyer leads to your team, and sponsor your placement in the rankings.

Claim this listing

Businesses Deerwood Bank financed

13 businesses on record. Each links to its full SBA record.

Work at Deerwood Bank?

Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.

Claim this listing Request removal

CapBench analysis of public lending records, FY2020–present. Not affiliated with Deerwood Bank.

Agent summary

This page summarizes Deerwood Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

17 SBA 7(a) loans on record
$191K typical deal
4 business-acquisition loans
HQ: 131 6th Ave S, Waite Park, MN
14 FDIC branch locations
FDIC total assets $1.6B

Next steps

Request an intro Rank lenders Pre-qualify a deal

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/lenders/deerwood-bank
API:: https://www.capbench.com/api/public/lenders/deerwood-bank
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.
Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

Find the bank most likely to fund your deal

Deerwood Bank is one of 1,000+ SBA lenders on record — and they all have different appetites. Tell us your deal size, industry, and location, and we'll point you to the banks that fund deals like yours.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.