Automotive · lender intelligence
How to finance a Snap-On in Minnesota
The SBA 7(a) lenders funding the most Snap-On deals in Minnesota, from public loan records — typical Snap-On loan about $150K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Snap-On in Minnesota
$190K
Typical loan
range $75K–$190K
$211K
Est. purchase price
≈ loan ÷ 90%
$28,236
Cash to close
$21,111 down + fees
$2,781/mo
Typical payment
~12.5% · 10yr
$38,378/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
39 days
Typical time to fund
2
Lenders competing
more = leverage
7.63%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with Snap-On in Minnesota
Ranked by funded Snap-On loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
No directory lender has enough Snap-On loans in Minnesota to rank yet. See Snap-On lenders nationwide →
2+ funded Snap-On in Minnesota deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Hemenway Tools LLC in Detroit Lakes, MN — $75K (2022) · Farmers & Merchants State Bank of New York Mills, Incorporated
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.75% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $38K (50%)
- Approval → funding
- 18 days
- Approved
- 7/13/2022
- First disbursed
- 7/31/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Automotive Parts and Accessories Retailers
Funded by Farmers & Merchants State Bank of New York Mills, Incorporated
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- TechTools LLC in Hayfield, MN — $190K (2020) · Coulee Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 123 months
- SBA guaranteed
- $143K (75%)
- Approval → funding
- 39 days
- Approved
- 2/21/2020
- First disbursed
- 3/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Motor Vehicle Supplies and New Parts Merchant Wholesalers
Funded by Coulee Bank
Your business? Claim this record · Request removal
Buying a Snap-On in Minnesota? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded Snap-On loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Snap-On purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. CapBench is not a lender.
- $150K typical Snap-On loan
- 2 lenders active in Minnesota
- 2+ funded Minnesota deals
- 39 days typical to fund
Buyers buying a Snap-On in Minnesota typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.
- 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.