Lender record
Sherburne State Bank
The real lending record — every figure from funded deals. HQ: 12500 Sherburne Avenue, Becker, MN. 4 branches.
15
Recent deals (FY20+)
$300K
Typical deal
25 days
Approval → funding
Where Sherburne State Bank lends
Deals Sherburne State Bank funded — list all 15 as text
- Renewed Pilates LLC — Monticello · $43K · FY2026 · Sports and Recreation Instruction
- Elyte Tool, LLC — Clear Lake · $509K · FY2025 · Wholesale Trade Agents and Brokers
- ACM Outdoor Services LLC — Princeton · $300K · FY2025 · Landscaping Services
- AEM Electric Services Corporation — Spring Lake Park · $200K · FY2025 · Electrical Contractors and Other Wiring Installation Contrac
- Pavlak Insurance Agency LLC — Montrose · $54K · FY2025 · Insurance Agencies and Brokerages
- Rustic Roots Boutique, LLC — Clear Lake · $15K · FY2024 · Clothing and Clothing Accessories Retailers
- H.C.T. Company, LLC — Becker · $216K · FY2023 · Private Mail Centers
- Starz Dance Studio Incorporated — Becker · $108K · FY2023 · Dance Companies
- Gutter Maids, Inc. — Big Lake · $345K · FY2022 · All Other Specialty Trade Contractors
- JBT Group, Inc. — Buffalo · $189K · FY2022 · Beauty Salons
- LaPointe Manufacturing, Inc. — Elk River · $1.5M · FY2021 · All Other Miscellaneous Manufacturing
- Elaine Happ, O.D. P.A - Uptown Eye Care — Monticello · $620K · FY2021 · Offices of Optometrists
- Rapid Plumbing, LLC — Cushing · $360K · FY2021 · Plumbing, Heating, and Air-Conditioning Contractors
- Networx Broadband Inc — Elk River · $1.0M · FY2020 · Other Computer Related Services
- Networx Broadband Inc — Elk River · $393K · FY2020 · Other Computer Related Services
Deal profile
Most Sherburne State Bank deals land between $108K and $509K — that range covers half of everything they fund. Top industries and states:
Industries they fund most
- 1.Other Computer Related Services (2)
- 2.Sports and Recreation Instruction (1)
- 3.Wholesale Trade Agents and Brokers (1)
- 4.Landscaping Services (1)
- 5.Electrical Contractors and Other Wiring Installation Contrac (1)
- 6.Insurance Agencies and Brokerages (1)
- 7.Clothing and Clothing Accessories Retailers (1)
- 8.Private Mail Centers (1)
Most active states
- 1.Minnesota (15 deals)
Franchises they finance most
Can Sherburne State Bank fund you? The bank behind the loans
Total assets
$343.4M
▲ 1.8% vs prior quarter
Deposits on hand
$284.8M
▲ 2.1% vs prior quarter
Loans outstanding
$264.5M
▲ 1.2% vs prior quarter
Net income (latest qtr)
$1.7M
- •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 Sherburne State Bank more SBA-focused than 16% of the banks on our record.
- •Deposits grew last quarter — more raw lending capacity than the quarter before.
- •Return on assets of 1.97% — 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 Sherburne State Bank branch (4)
Sherburne State BankMain office12500 Sherburne AvenueBecker, MN 55308 · since 1920
Princeton Branch136 N Rum River DrPrinceton, MN 55371 · since 2000
Monticello Branch1200 Highway 25 SMonticello, MN 55362 · since 2017
Becker Branch12392 Pleasant AveBecker, MN 55308 · since 2026
Branch data: FDIC BankFind.
Recent deals
- Renewed Pilates LLC in Monticello, MN — $43K (2026) · Sports and Recreation Instruction
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.59% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $22K (50%)
- Approval → funding
- 25 days
- Approved
- 1/26/2026
- First disbursed
- 2/20/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Sports and Recreation Instruction
Your business? Claim this record · Request removal
- Elyte Tool, LLC in Clear Lake, MN — $509K (2025) · purchase · Wholesale Trade Agents and Brokers
- Program
- 7a General
- Rate at approval
- 8.95% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $382K (75%)
- Approval → funding
- 1 days
- Approved
- 8/28/2025
- First disbursed
- 8/29/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Wholesale Trade Agents and Brokers
If you were the buyer here
- Est. deal size
- $566K
- Est. down payment (10%)
- $57K
- Est. cash at closing
- $76K
- Monthly payment
- $6,435
- Annual debt service
- $77K
- Cash flow needed (1.25×)
- $97K
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
- ACM Outdoor Services LLC in Princeton, MN — $300K (2025) · purchase · Landscaping Services
- Program
- 7a General
- Rate at approval
- 9.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $225K (75%)
- Approved
- 4/28/2025
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Landscaping Services
If you were the buyer here
- Est. deal size
- $333K
- Est. down payment (10%)
- $33K
- Est. cash at closing
- $45K
- Monthly payment
- $3,882
- Annual debt service
- $47K
- Cash flow needed (1.25×)
- $58K
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
- AEM Electric Services Corporation in Spring Lake Park, MN — $200K (2025) · Electrical Contractors and Other Wiring Installation Contrac
- Program
- 7a General
- Rate at approval
- 10.5% variable
- Term
- 24 mo (2 yrs)
- SBA guaranteed
- $150K (75%)
- Approval → funding
- 7 days
- Approved
- 3/4/2025
- First disbursed
- 3/11/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Existing or more than 2 years old
- Industry
- Electrical Contractors and Other Wiring Installation Contrac
Your business? Claim this record · Request removal
- Pavlak Insurance Agency LLC in Montrose, MN — $54K (2025) · Insurance Agencies and Brokerages
- Program
- 7a General
- Rate at approval
- 10.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $46K (85%)
- Approval → funding
- 52 days
- Approved
- 6/16/2025
- First disbursed
- 8/7/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Franchise
- Farmers Insurance Agent Appointment Agreement
- Jobs supported
- 4
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Insurance Agencies and Brokerages
Your business? Claim this record · Request removal
- Rustic Roots Boutique, LLC in Clear Lake, MN — $15K (2024) · Clothing and Clothing Accessories Retailers
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11.5% variable
- Term
- 23 months
- SBA guaranteed
- $8K (50%)
- Approval → funding
- 25 days
- Approved
- 4/26/2024
- First disbursed
- 5/21/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Clothing and Clothing Accessories Retailers
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- H.C.T. Company, LLC in Becker, MN — $216K (2023) · Private Mail Centers
- Program
- 7a General
- Rate at approval
- 7.65% variable
- Term
- 122 months
- SBA guaranteed
- $162K (75%)
- Approval → funding
- 108 days
- Approved
- 12/12/2022
- First disbursed
- 3/30/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Franchise
- The UPS Store
- Jobs supported
- 3
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Private Mail Centers
Your business? Claim this record · Request removal
- Starz Dance Studio Incorporated in Becker, MN — $108K (2023) · Dance Companies
- Program
- 7a General
- Rate at approval
- 9.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $92K (85%)
- Approval → funding
- 28 days
- Approved
- 2/7/2023
- First disbursed
- 3/7/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Dance Companies
Your business? Claim this record · Request removal
- Gutter Maids, Inc. in Big Lake, MN — $345K (2022) · All Other Specialty Trade Contractors
- Program
- 7a General
- Rate at approval
- 5.5% fixed
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $259K (75%)
- Approval → funding
- 37 days
- Approved
- 2/7/2022
- First disbursed
- 3/16/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- All Other Specialty Trade Contractors
Your business? Claim this record · Request removal
- JBT Group, Inc. in Buffalo, MN — $189K (2022) · Beauty Salons
- Program
- 7a General
- Rate at approval
- 6.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $142K (75%)
- Approval → funding
- 1 days
- Approved
- 9/29/2022
- First disbursed
- 9/30/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- New Business or 2 years or less
- Industry
- Beauty Salons
Your business? Claim this record · Request removal
Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.
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Businesses Sherburne State Bank financed
14 businesses on record. Each links to its full SBA record.
- LaPointe Manufacturing, Inc.Elk River, MN · 1 loan$1.5M
- Networx Broadband IncElk River, MN · 2 loans$1.4M
- Elaine Happ, O.D. P.A - Uptown Eye CareMonticello, MN · 1 loan$620K
- Elyte Tool, LLCClear Lake, MN · 1 loan$509K
- Rapid Plumbing, LLCCushing, MN · 1 loan$360K
- Gutter Maids, Inc.Big Lake, MN · 1 loan$345K
- ACM Outdoor Services LLCPrinceton, MN · 1 loan$300K
- H.C.T. Company, LLCBecker, MN · 1 loan$216K
- AEM Electric Services CorporationSpring Lake Park, MN · 1 loan$200K
- JBT Group, Inc.Buffalo, MN · 1 loan$189K
- Starz Dance Studio IncorporatedBecker, MN · 1 loan$108K
- Pavlak Insurance Agency LLCMontrose, MN · 1 loan$54K
- Renewed Pilates LLCMonticello, MN · 1 loan$43K
- Rustic Roots Boutique, LLCClear Lake, MN · 1 loan$15K
Work at Sherburne State 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 Sherburne State Bank.
Agent summary
This page summarizes Sherburne State 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.
- 15 SBA 7(a) loans on record
- $300K typical deal
- 5 business-acquisition loans
- HQ: 12500 Sherburne Avenue, Becker, MN
- 4 FDIC branch locations
- FDIC total assets $343.4M
- 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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