Financing a convenience stores acquisition in Minnesota

State:

The SBA 7(a) lenders funding the most convenience stores acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

Deal economics— what it takes to buy & finance convenience stores in Minnesota

$720K

Typical loan

range $169K–$895K

$800K

Est. purchase price

≈ loan ÷ 90%

$109,700

Cash to close

$80,000 down + fees

$9,317/mo

Typical payment

~9.5% · 10yr

$128,575/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

6 days

Typical time to fund

Lenders competing

more = leverage

5.4%

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 in convenience stores · Minnesota

Ranked by funded convenience stores acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.

1.242 loans · $281M · Chicago, ILFull record →
2.34 loans · $19M · Arden Hills, MNFull record →
3.62 loans · $21M · Saint Cloud, MNFull record →
4.3 loans · $1M · Saint Francis, MNFull record →

6+ funded Convenience Stores 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.

B&B Market, Inc. in Cloquet, MN — $1.7M (2021) · purchase · Frandsen Bank and Trust
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
264 mo (22 yrs)
SBA guaranteed
$1.6M (90%)
Approval → funding
3 days
Approved
8/24/2021
First disbursed
8/27/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
32
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$1.9M
Est. down payment (10%)
$192K
Est. cash at closing
$263K
Monthly payment
$11,776
Annual debt service
$141K
Cash flow needed (1.25×)
$177K
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.
Funded by Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
PF Investments LLC in Montgomery, MN — $895K (2021) · purchase · Byline Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
180 mo (15 yrs)
SBA guaranteed
$806K (90%)
Approval → funding
2 days
Approved
9/28/2021
First disbursed
9/30/2021
Loan status
Paid in full (6/30/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$994K
Est. down payment (10%)
$99K
Est. cash at closing
$136K
Monthly payment
$7,553
Annual debt service
$91K
Cash flow needed (1.25×)
$113K
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.
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
ELASHRI AMERICAN HOLDING GROUP INC in Minneapolis, MN — $178K (2021) · purchase · Village Bank
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$160K (90%)
Approval → funding
6 days
Approved
5/13/2021
First disbursed
5/19/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$198K
Est. down payment (10%)
$20K
Est. cash at closing
$26K
Monthly payment
$1,890
Annual debt service
$23K
Cash flow needed (1.25×)
$28K
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.
Funded by Village Bank · Lender record →
Your business? Claim this record · Request removal
JAROSKELLY LIMITED LIABILITY COMPANY in Casa Grande, MN — $120K (2021) · purchase · Stearns Bank National Association
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$108K (90%)
Approval → funding
1 days
Approved
6/23/2021
First disbursed
6/24/2021
Loan status
Paid in full (9/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$133K
Est. down payment (10%)
$13K
Est. cash at closing
$17K
Monthly payment
$755
Annual debt service
$9K
Cash flow needed (1.25×)
$11K
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.
Funded by Stearns Bank National Association · Lender record →
Your business? Claim this record · Request removal
Padmavati LLC in Willmar, MN — $720K (2020) · purchase · United Prairie Bank
Program
Preferred Lenders Program
Rate at approval
3.65% variable
Term
240 mo (20 yrs)
SBA guaranteed
$540K (75%)
Approval → funding
7 days
Approved
9/23/2020
First disbursed
9/30/2020
Loan status
Paid in full (10/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$800K
Est. down payment (10%)
$80K
Est. cash at closing
$110K
Monthly payment
$4,231
Annual debt service
$51K
Cash flow needed (1.25×)
$63K
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.
Funded by United Prairie Bank · Lender record →
Your business? Claim this record · Request removal
My Store - Solway, Inc. in Bemidji, MN — $169K (2020) · purchase · Security Bank USA
Program
7a General
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$127K (75%)
Approval → funding
13 days
Approved
8/18/2020
First disbursed
8/31/2020
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$187K
Est. down payment (10%)
$19K
Est. cash at closing
$25K
Monthly payment
$1,873
Annual debt service
$22K
Cash flow needed (1.25×)
$28K
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.
Funded by Security Bank USA · Lender record →
Your business? Claim this record · Request removal

Financing a convenience stores deal in Minnesota? Start with the right lender

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to convenience stores businesses with a Minnesota project address.

Agent summary

How to finance a convenience stores acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. Byline Bank funds the most here. CapBench is not a lender.

$578K typical loan
6 lenders active in Minnesota
6+ funded Minnesota deals
6 days typical to fund

Buyers buying a convenience stores in Minnesota typically pre-qualify, then ask CapBench to introduce a lender active here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All convenience stores lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-20.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/convenience-stores/minnesota
API:: https://www.capbench.com/api/public/lenders?industry=convenience-stores
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.