Lender record
Lake Elmo Bank
The real lending record — every figure from funded deals. HQ: 11465 39th St N, Lake Elmo, MN. 9 branches.
11
Recent deals (FY20+)
$350K
Typical deal
22 days
Approval → funding
Where Lake Elmo Bank lends
Deals Lake Elmo Bank funded — list all 11 as text
- O'Neill Electric Inc. — Stillwater · $1.5M · FY2026 · Electrical Contractors and Other Wiring Installation Contrac
- LCB Business Corp. — Blaine · $5.0M · FY2025 · All Other Specialty Trade Contractors
- Collegiate Services Inc. — Champaign · $3.1M · FY2024 · All Other Consumer Goods Rental
- Nourishing Body, LLC — Woodbury · $318K · FY2024 · All Other Personal Services
- The Madison Mn LLC — Cottage Grove · $318K · FY2024 · All Other Amusement and Recreation Industries
- R & D Hanson LLC — Stillwater · $113K · FY2024 · Janitorial Services
- Collegiate Services Inc. — Champaign · $100K · FY2024 · All Other Consumer Goods Rental
- Gruber Ventures LLC — Lake Elmo · $2.3M · FY2023 · Wood Container and Pallet Manufacturing
- Midwest RKP, LLC — Saint Paul · $800K · FY2023 · All Other Outpatient Care Centers
- Lambert Engineering and Construction Services, Inc — Laramie · $350K · FY2021 · Other Heavy and Civil Engineering Construction
- R & D Hanson LLC — Stillwater · $117K · FY2021 · Janitorial Services
Deal profile
Most Lake Elmo Bank deals land between $117K and $2.3M — that range covers half of everything they fund. Top industries and states:
Industries they fund most
- 1.All Other Consumer Goods Rental (2)
- 2.Janitorial Services (2)
- 3.Electrical Contractors and Other Wiring Installation Contrac (1)
- 4.All Other Specialty Trade Contractors (1)
- 5.All Other Personal Services (1)
- 6.All Other Amusement and Recreation Industries (1)
- 7.Wood Container and Pallet Manufacturing (1)
- 8.All Other Outpatient Care Centers (1)
Most active states
- 1.Minnesota (8 deals)
- 2.Illinois (2 deals)
- 3.Wyoming (1 deals)
Franchises they finance most
Can Lake Elmo Bank fund you? The bank behind the loans
Total assets
$530.9M
▼ 0.1% vs prior quarter
Deposits on hand
$462.4M
▼ 0.8% vs prior quarter
Loans outstanding
$410.6M
▲ 1.5% vs prior quarter
Net income (latest qtr)
$2.3M
- •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 Lake Elmo Bank more SBA-focused than 63% of the banks on our record.
- •Deposits shrank last quarter — worth asking early how much new-loan appetite they have right now.
- •Return on assets of 1.72% — 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.
Walk into a Lake Elmo Bank branch (9)
Lake Elmo BankMain office11465 39th St NLake Elmo, MN 55042 · since 1911
Inwood Avenue North Branch600 Inwood Ave NOakdale, MN 55128 · since 1999
Echo Ridge Branch-Senior Housing1033 Gershwin Ave NOakdale, MN 55128 · since 2000 · limited service
Oak Meadows Branch-Senior Housing8132 And 8133 Fourth Street NorthOakdale, MN 55128 · since 2000 · limited service
Boutwells Landing Senior Center Branch5600 Norwich PkwyOak Park Heights, MN 55082 · since 2002 · limited service
Stillwater Branch1937 Greeley St SStillwater, MN 55082 · since 2006
St Terese Of Woodbury-Senior Housing7555 Bailey RdWoodbury, MN 55129 · since 2016 · limited service
The Fields At Arbor Glen Senior Living Branch11070 39th St NLake Elmo, MN 55042 · since 2021 · limited service
Arbor Glen Senior Living Branch11020 39th St NLake Elmo, MN 55042 · since 2021 · limited service
Branch data: FDIC BankFind.
Recent deals
- O'Neill Electric Inc. in Stillwater, MN — $1.5M (2026) · Electrical Contractors and Other Wiring Installation Contrac
- Program
- 7a General
- Rate at approval
- 8.55% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 22 days
- Approved
- 1/21/2026
- First disbursed
- 2/12/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 37
- Business age
- Existing or more than 2 years old
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
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- LCB Business Corp. in Blaine, MN — $5.0M (2025) · purchase · All Other Specialty Trade Contractors
- Program
- 7a General
- Rate at approval
- 7.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.8M (75%)
- Approval → funding
- 2 days
- Approved
- 11/6/2024
- First disbursed
- 11/8/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 33
- Business age
- Change of Ownership
- Industry
- All Other Specialty Trade Contractors
If you were the buyer here
- Est. deal size
- $5.6M
- Est. down payment (10%)
- $556K
- Est. cash at closing
- $769K
- Monthly payment
- $60,005
- Annual debt service
- $720K
- Cash flow needed (1.25×)
- $900K
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
- Collegiate Services Inc. in Champaign, IL — $3.1M (2024) · purchase · All Other Consumer Goods Rental
- Program
- 7a General
- Rate at approval
- 8.55% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.3M (75%)
- Approval → funding
- 14 days
- Approved
- 7/24/2024
- First disbursed
- 8/7/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- All Other Consumer Goods Rental
If you were the buyer here
- Est. deal size
- $3.4M
- Est. down payment (10%)
- $340K
- Est. cash at closing
- $469K
- Monthly payment
- $37,979
- Annual debt service
- $456K
- Cash flow needed (1.25×)
- $570K
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
- Nourishing Body, LLC in Woodbury, MN — $318K (2024) · purchase · All Other Personal Services
- Program
- 7a General
- Rate at approval
- 8.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $238K (75%)
- Approval → funding
- 53 days
- Approved
- 4/29/2024
- First disbursed
- 6/21/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- All Other Personal Services
If you were the buyer here
- Est. deal size
- $353K
- Est. down payment (10%)
- $35K
- Est. cash at closing
- $47K
- Monthly payment
- $3,939
- Annual debt service
- $47K
- Cash flow needed (1.25×)
- $59K
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
- The Madison Mn LLC in Cottage Grove, MN — $318K (2024) · purchase · All Other Amusement and Recreation Industries
- Program
- 7a General
- Rate at approval
- 7.25% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $238K (75%)
- Approval → funding
- 19 days
- Approved
- 8/29/2024
- First disbursed
- 9/17/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- All Other Amusement and Recreation Industries
If you were the buyer here
- Est. deal size
- $353K
- Est. down payment (10%)
- $35K
- Est. cash at closing
- $47K
- Monthly payment
- $3,729
- Annual debt service
- $45K
- Cash flow needed (1.25×)
- $56K
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
- R & D Hanson LLC in Stillwater, MN — $113K (2024) · Janitorial Services
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.5% fixed
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $57K (50%)
- Approval → funding
- 6 days
- Approved
- 3/1/2024
- First disbursed
- 3/7/2024
- Loan status
- Paid in full (8/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Existing or more than 2 years old
- Industry
- Janitorial Services
Your business? Claim this record · Request removal
- Collegiate Services Inc. in Champaign, IL — $100K (2024) · purchase · All Other Consumer Goods Rental
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.55% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 303 days
- Approved
- 7/31/2024
- First disbursed
- 5/30/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- All Other Consumer Goods Rental
If you were the buyer here
- Est. deal size
- $111K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $1,297
- Annual debt service
- $16K
- 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.
Your business? Claim this record · Request removal
- Gruber Ventures LLC in Lake Elmo, MN — $2.3M (2023) · purchase · Wood Container and Pallet Manufacturing
- Program
- 7a General
- Rate at approval
- 6.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approval → funding
- 6 days
- Approved
- 7/11/2023
- First disbursed
- 7/17/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 49
- Business age
- Change of Ownership
- Industry
- Wood Container and Pallet Manufacturing
If you were the buyer here
- Est. deal size
- $2.6M
- Est. down payment (10%)
- $257K
- Est. cash at closing
- $355K
- Monthly payment
- $26,579
- Annual debt service
- $319K
- Cash flow needed (1.25×)
- $399K
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
- Midwest RKP, LLC in Saint Paul, MN — $800K (2023) · All Other Outpatient Care Centers
- Program
- 7a General
- Rate at approval
- 8% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $600K (75%)
- Approval → funding
- 22 days
- Approved
- 12/21/2022
- First disbursed
- 1/12/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Franchise
- Restore Hyper Wellness
- Jobs supported
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- All Other Outpatient Care Centers
Your business? Claim this record · Request removal
- Lambert Engineering and Construction Services, Inc in Laramie, WY — $350K (2021) · Other Heavy and Civil Engineering Construction
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.75% fixed
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $175K (50%)
- Approval → funding
- 307 days
- Approved
- 10/27/2020
- First disbursed
- 8/30/2021
- Loan status
- In liquidation
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Existing or more than 2 years old
- Industry
- Other Heavy and Civil Engineering Construction
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 Lake Elmo Bank?
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Businesses Lake Elmo Bank financed
9 businesses on record. Each links to its full SBA record.
- LCB Business Corp.Blaine, MN · 1 loan$5.0M
- Collegiate Services Inc.Champaign, IL · 2 loans$3.2M
- Gruber Ventures LLCLake Elmo, MN · 1 loan$2.3M
- O'Neill Electric Inc.Stillwater, MN · 1 loan$1.5M
- Midwest RKP, LLCSaint Paul, MN · 1 loan$800K
- Lambert Engineering and Construction Services, IncLaramie, WY · 1 loan$350K
- Nourishing Body, LLCWoodbury, MN · 1 loan$318K
- The Madison Mn LLCCottage Grove, MN · 1 loan$318K
- R & D Hanson LLCStillwater, MN · 2 loans$230K
Work at Lake Elmo Bank?
Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.
CapBench analysis of public lending records, FY2020–present. Not affiliated with Lake Elmo Bank.
Agent summary
This page summarizes Lake Elmo 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.
- 11 SBA 7(a) loans on record
- $350K typical deal
- 7 business-acquisition loans
- HQ: 11465 39th St N, Lake Elmo, MN
- 9 FDIC branch locations
- FDIC total assets $530.9M
- 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.
- Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.
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