Lender intelligence
Financing a shoe stores acquisition in Minnesota
The SBA 7(a) lenders funding the most shoe 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 shoe stores in Minnesota
$321K
Typical loan
range $226K–$2.67M
$357K
Est. purchase price
≈ loan ÷ 90%
$47,705
Cash to close
$35,667 down + fees
$4,422/mo
Typical payment
~11% · 10yr
$61,024/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
29 days
Typical time to fund
3
Lenders competing
more = leverage
5.37%
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 shoe stores · Minnesota
Ranked by funded shoe stores acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.34 loans · $19M · Arden Hills, MNFull record →
3+ funded Shoe 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.
- Maaeka III, LLC in Ellendale, MN — $2.7M (2021) · purchase · Arcadian Bank
- Program
- 7a General
- Rate at approval
- 5.25% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.0M (75%)
- Approval → funding
- 29 days
- Approved
- 9/30/2021
- First disbursed
- 10/29/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Change of Ownership
- Industry
- Shoe Stores
If you were the buyer here
- Est. deal size
- $3.0M
- Est. down payment (10%)
- $296K
- Est. cash at closing
- $409K
- Monthly payment
- $28,604
- Annual debt service
- $343K
- Cash flow needed (1.25×)
- $429K
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 Arcadian Bank
Your business? Claim this record · Request removal
- Burger's Shoes LLC in Cloquet, MN — $321K (2021) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 168 mo (14 yrs)
- SBA guaranteed
- $289K (90%)
- Approval → funding
- 1 days
- Approved
- 9/20/2021
- First disbursed
- 9/21/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- Shoe Stores
If you were the buyer here
- Est. deal size
- $357K
- Est. down payment (10%)
- $36K
- Est. cash at closing
- $48K
- Monthly payment
- $2,661
- Annual debt service
- $32K
- Cash flow needed (1.25×)
- $40K
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
- ATSU LLC in Shakopee, MN — $226K (2020) · purchase · Wells Fargo Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.85% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $170K (75%)
- Approved
- 5/13/2020
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- Change of Ownership
- Industry
- Shoe Stores
If you were the buyer here
- Est. deal size
- $252K
- Est. down payment (10%)
- $25K
- Est. cash at closing
- $34K
- Monthly payment
- $2,496
- Annual debt service
- $30K
- Cash flow needed (1.25×)
- $37K
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 Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
Financing a shoe stores deal in Minnesota? Start with the right lender
We'll point you to the SBA lenders already funding your industry in your state — and help you make them compete on rate and speed.
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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to shoe stores businesses with a Minnesota project address.
Agent summary
How to finance a shoe 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. Frandsen Bank and Trust funds the most here. CapBench is not a lender.
- $404K typical loan
- 3 lenders active in Minnesota
- 3+ funded Minnesota deals
- 29 days typical to fund
Buyers buying a shoe 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.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
- 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.