SBA lending record
Froemming Innovations, LLC
500 SCHOOL RD NW, Hutchinson, MN 55350 · Lawn and Garden Tractor and Home Lawn and Garden Equipment M. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$65K
Total SBA financing
1
Loan on record
FY2020
On record
7
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$65,000 — FY2020
- Gross approval
- $65,000
- SBA guaranteed
- $32,500 (50%)
- Status
- Charged off (failed)
- Rate at approval
- 6.25% f
- Term
- 85 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/17/2019
- First disbursement
- 12/31/2019
- Days to fund
- 14 days
- Charged off
- 2/14/2023
- Charge-off amount
- $45,640
The lender
Citizens Bank & Trust Co
1 loan to this businessFull SBA lending record + branches on the lender page →Agent summary
This page summarizes the public SBA 7(a) lending record for Froemming Innovations, LLC in Hutchinson, MN (Lawn and Garden Tractor and Home Lawn and Garden Equipment M). 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 $65K
- On record FY2020
- 7 jobs supported
- Industry: Lawn and Garden Tractor and Home Lawn and Garden Equipment M
- Location: Hutchinson, MN
- Lender: Citizens Bank & Trust Co
- 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:
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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 Froemming Innovations, LLC.