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LAKE STATE SAFETY, LLC — SBA Loan Record (Hugo, MN) | DealRoom

Intelligence/Industrial Supplies Merchant Wholesalers/MN

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SBA lending record

LAKE STATE SAFETY, LLC

5701 159TH CTN, Hugo, MN 55038 · Industrial Supplies Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$50K

Total SBA financing

1

Loan on record

FY2020

On record

—

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is LAKE STATE SAFETY, LLC 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.

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The loan

$49,500 — FY2020

Gross approval: $49,500
SBA guaranteed: $24,750 (50%)
Status: Paid in full
Rate at approval: 5.99% f
Term: 12 mo (1 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/31/2020
First disbursement: 9/30/2020
Days to fund: 30 days
Paid in full: 4/30/2021
Collateral: Required
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Industrial Supplies Merchant Wholesalers
NAICS code: 423840
Lender: U.S. Bank, National Association
Address: 5701 159TH CTN
City: Hugo, 55038
County: Washington
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 4

The lender

U.S. Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding industrial supplies merchant wholesalers — by location, industry.

SBA lenders in Minnesota Lenders for industrial supplies merchant wholesalers Industrial Supplies Merchant Wholesalers lenders in Minnesota

Similar businesses

Comparable industrial supplies merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

LEGACY SORBENTS LLC

Hugo, MN· ~2 mi

Industrial Supplies Merchant Wholesalers

$371K
SBA financing: ≈ $728K–$1.2M
Est. revenue (rough)

Samuelson Sales

Fridley, MN· ~15 mi

Industrial Supplies Merchant Wholesalers

$999K
SBA financing: ≈ $2.0M–$3.3M
Est. revenue (rough)

H&H EXPORTS COMPANY INC

Duluth, MN· ~119 mi

Industrial Supplies Merchant Wholesalers

$25K
SBA financing: ≈ $49K–$82K
Est. revenue (rough)

C.C. Day Inc.

New Hope, MN· ~22 mi

Industrial Supplies Merchant Wholesalers

$2.0M
SBA financing: ≈ $3.9M–$6.5M
Est. revenue (rough)

C S Tex, Inc.

Champlin, MN· ~21 mi

Industrial Supplies Merchant Wholesalers

$2.4M
SBA financing: ≈ $4.7M–$7.8M
Est. revenue (rough)

Franklin Drake Holdings LLC

Bend, OR· ~1388 mi

Industrial Supplies Merchant Wholesalers

$45K
SBA financing: ≈ $88K–$147K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for LAKE STATE SAFETY, LLC in Hugo, MN (Industrial Supplies Merchant Wholesalers). 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 $50K
On record FY2020
Industry: Industrial Supplies Merchant Wholesalers
Location: Hugo, MN
Lender: U.S. Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Industrial Supplies Merchant Wholesalers businesses in MN for ~$50k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/lake-state-safety-llc-mn
API:: https://dealroom.so/api/public/businesses/lake-state-safety-llc-mn
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is LAKE STATE SAFETY, 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. Figures are as reported; verify before relying on them. Not affiliated with LAKE STATE SAFETY, LLC.