SBA lending record
Area Mechanical, LLC
3276 Fanum Rd # 800, Saint Paul, MN 55110 · Plumbing, Heating, and Air-Conditioning Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.5M
Total SBA financing
2
Loans on record
FY2023–24
On record
45
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
Is Area Mechanical, LLC your business?
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All 2 loans
$1,000,000 — FY2024
Loan 1 of 2- Gross approval
- $1,000,000
- SBA guaranteed
- $750,000 (75%)
- Status
- Current
- Rate at approval
- 10.5% v
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/20/2024
- First disbursement
- 8/31/2024
- Days to fund
- 11 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Drake Bank
2 loans to this business- Total assets
- $259.8B
- Deposits
- $224.2B
- Loans outstanding
- $189.6B
- Net income
- $-2.0B
- Return on assets
- -3.043285566553405%
- Return on equity
- -43.31%
- Total equity
- $16.6B
- Offices
- 1
- Founded
- 05/0
- Headquarters
- 60 Plato Blvd E, Saint Paul, MN, 55107
- FDIC cert
- 57336
- Website
- www.drake-bank.com
Is Area Mechanical, LLC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Area Mechanical, LLC.