SBA lending record
Midwestern Grain Systems
17921 330th St, Bagley, MN 56621 · Corn Farming. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$564K
Total SBA financing
2
Loans on record
FY2021–24
On record
2
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$300,000 — FY2024
Loan 1 of 2- Gross approval
- $300,000
- SBA guaranteed
- $225,000 (75%)
- Status
- Current
- Rate at approval
- 7.9% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/13/2024
- First disbursement
- 6/14/2024
- Days to fund
- 1 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Ultima Bank Minnesota
2 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 Midwestern Grain Systems in Bagley, MN (Corn 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.
- 2 SBA 7(a) loans totaling $564K
- On record FY2021–24
- 2 jobs supported
- Industry: Corn Farming
- Location: Bagley, 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 Midwestern Grain Systems 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 Midwestern Grain Systems.