SBA lending record
Element Research Group, Inc.
4129 85th Avenue North, Minneapolis, MN 55443 · Medical Laboratories. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.0M
Total SBA financing
1
Loan on record
FY2022
On record
27
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
Is Element Research Group, Inc. your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
The loan
$2,023,000 — FY2022
- Gross approval
- $2,023,000
- SBA guaranteed
- $1,517,250 (75%)
- Status
- Current
- Rate at approval
- 5.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/24/2022
- First disbursement
- 1/28/2022
- Days to fund
- 4 days
- Collateral
- Required
- Jobs supported
- 27
- Business type
The lender
Drake Bank
1 loan 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 Element Research Group, Inc. your business?
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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 Element Research Group, Inc..