Lender intelligence
Financing a sporting goods stores acquisition in Minnesota
The SBA 7(a) lenders funding the most sporting goods 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 sporting goods stores in Minnesota
$152K
Typical loan
range $114K–$300K
$169K
Est. purchase price
≈ loan ÷ 90%
$22,545
Cash to close
$16,856 down + fees
$2,221/mo
Typical payment
~12.5% · 10yr
$30,650/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
17 days
Typical time to fund
6
Lenders competing
more = leverage
5.41%
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 sporting goods stores · Minnesota
Ranked by funded sporting goods stores acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.66 loans · $68M · Milford, IAFull record →
- 2.3 loans · $1M · Saint Francis, MNFull record →
8+ funded Sporting Goods 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.
- Genes Sport Shop LLC in Perham, MN — $114K (2022) · purchase · United Community Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $57K (50%)
- Approval → funding
- 13 days
- Approved
- 12/23/2021
- First disbursed
- 1/5/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Individual
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $127K
- Est. down payment (10%)
- $13K
- Est. cash at closing
- $16K
- Monthly payment
- $1,237
- Annual debt service
- $15K
- Cash flow needed (1.25×)
- $19K
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 Community Bank · Lender record →
Your business? Claim this record · Request removal
- Genes Sport Shop LLC in Perham, MN — $25K (2022) · purchase · United Community Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $13K (50%)
- Approved
- 12/16/2021
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Individual
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $28K
- Est. down payment (10%)
- $3K
- Est. cash at closing
- $4K
- Monthly payment
- $408
- Annual debt service
- $5K
- Cash flow needed (1.25×)
- $6K
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 Community Bank · Lender record →
Your business? Claim this record · Request removal
- Genes Sport Shop LLC in Perham, MN — $25K (2022) · purchase · United Community Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $13K (50%)
- Approval → funding
- 13 days
- Approved
- 12/23/2021
- First disbursed
- 1/5/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Individual
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $28K
- Est. down payment (10%)
- $3K
- Est. cash at closing
- $4K
- Monthly payment
- $408
- Annual debt service
- $5K
- Cash flow needed (1.25×)
- $6K
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 Community Bank · Lender record →
Your business? Claim this record · Request removal
- Miketin Outdoors Inc. in Mendota Heights, MN — $455K (2021) · purchase · 21st Century Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $410K (90%)
- Approval → funding
- 17 days
- Approved
- 4/13/2021
- First disbursed
- 4/30/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $506K
- Est. down payment (10%)
- $51K
- Est. cash at closing
- $68K
- Monthly payment
- $4,882
- Annual debt service
- $59K
- Cash flow needed (1.25×)
- $73K
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 21st Century Bank · Lender record →
Your business? Claim this record · Request removal
- Michael L. Witt in Detroit Lakes, MN — $152K (2021) · purchase · Northwestern Bank, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $114K (75%)
- Approval → funding
- 29 days
- Approved
- 3/2/2021
- First disbursed
- 3/31/2021
- Loan status
- Past due
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Individual
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $169K
- Est. down payment (10%)
- $17K
- Est. cash at closing
- $23K
- Monthly payment
- $2,144
- Annual debt service
- $26K
- Cash flow needed (1.25×)
- $32K
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 Northwestern Bank, National Association
Your business? Claim this record · Request removal
- L4 LLC in Burnsville, MN — $132K (2021) · purchase · Village Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $119K (90%)
- Approval → funding
- 6 days
- Approved
- 7/1/2021
- First disbursed
- 7/7/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $147K
- Est. down payment (10%)
- $15K
- Est. cash at closing
- $19K
- Monthly payment
- $1,436
- Annual debt service
- $17K
- Cash flow needed (1.25×)
- $22K
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
- SKE Inc. in Spicer, MN — $300K (2020) · purchase · United Prairie Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $150K (50%)
- Approval → funding
- 30 days
- Approved
- 10/1/2019
- First disbursed
- 10/31/2019
- Loan status
- Paid in full (12/31/2022)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $333K
- Est. down payment (10%)
- $33K
- Est. cash at closing
- $45K
- Monthly payment
- $3,219
- Annual debt service
- $39K
- Cash flow needed (1.25×)
- $48K
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
- Coonky Conky, Inc. in Owatonna, MN — $165K (2020) · purchase · Community Bank Owatonna
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $83K (50%)
- Approval → funding
- 31 days
- Approved
- 12/31/2019
- First disbursed
- 1/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Sporting Goods Stores
If you were the buyer here
- Est. deal size
- $183K
- Est. down payment (10%)
- $18K
- Est. cash at closing
- $25K
- Monthly payment
- $1,811
- Annual debt service
- $22K
- Cash flow needed (1.25×)
- $27K
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 Community Bank Owatonna
Your business? Claim this record · Request removal
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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to sporting goods stores businesses with a Minnesota project address.
Agent summary
How to finance a sporting goods 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. United Community Bank funds the most here. CapBench is not a lender.
- $581K typical loan
- 6 lenders active in Minnesota
- 8+ funded Minnesota deals
- 17 days typical to fund
Buyers buying a sporting goods 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 2026-06-23.
- 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.