SBA lending record
Craig & Cynthia Engelstad
42229 150th AVE SW, Fertile, MN 56540 · All Other Grain Farming. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$225K
Total SBA financing
1
Loan on record
FY2022
On record
2
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$225,000 — FY2022
- Gross approval
- $225,000
- SBA guaranteed
- $112,500 (50%)
- Status
- Current
- Rate at approval
- 4.5% v
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/11/2022
- First disbursement
- 3/18/2022
- Days to fund
- 7 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Craig & Cynthia Engelstad in Fertile, MN (All Other Grain Farming). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $225K
- On record FY2022
- 2 jobs supported
- Industry: All Other Grain Farming
- Location: Fertile, MN
- Lender: Ultima Bank Minnesota
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Craig & Cynthia Engelstad 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. Figures are as reported; verify before relying on them. Not affiliated with Craig & Cynthia Engelstad.