SBA lending record
Larry Trachsel & Ben Pearson, Inc.
5457 Morris Thomas Road, Hermantown, MN 55810 · All Other Specialty Trade Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.4M
Total SBA financing
3
Loans on record
FY2021–22
On record
58
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 3 loans
$500,000 — FY2022
Loan 1 of 3- Gross approval
- $500,000
- SBA guaranteed
- $375,000 (75%)
- Status
- Current
- Rate at approval
- 6.5% v
- Term
- 108 mo (9 yr)
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/23/2022
- First disbursement
- 10/13/2022
- Days to fund
- 20 days
- Collateral
- Required
- Jobs supported
The lender
North Shore Bank of Commerce
3 loans to this businessFull SBA lending record + branches on the lender page →Agent summary
This page summarizes the public SBA 7(a) lending record for Larry Trachsel & Ben Pearson, Inc. in Hermantown, MN (All Other Specialty Trade Contractors). 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.
- 3 SBA 7(a) loans totaling $2.4M
- On record FY2021–22
- 58 jobs supported
- Industry: All Other Specialty Trade Contractors
- Location: Hermantown, MN
- Lender: North Shore Bank of Commerce
- 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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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 Larry Trachsel & Ben Pearson, Inc..