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North Shore Medical, LLC — SBA Loan Record (Two Harbors, MN) | DealRoom

Intelligence/Surgical and Medical Instrument Manufacturing/MN

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SBA lending record

North Shore Medical, LLC

1313 Fairgrounds Rd, Two Harbors, MN 55616 · Surgical and Medical Instrument Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$265K

Total SBA financing

1

Loan on record

FY2021

On record

6

Jobs supported

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

Is North Shore Medical, 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

$265,000 — FY2021

Gross approval: $265,000
SBA guaranteed: $238,500 (90%)
Status: Paid in full
Rate at approval: 4.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/23/2021
First disbursement: 6/30/2021
Days to fund: 7 days
Paid in full: 4/30/2023
Collateral: Required
Jobs supported: 6
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Surgical and Medical Instrument Manufacturing
NAICS code: 339112
Lender: Frandsen Bank and Trust
Address: 1313 Fairgrounds Rd
City: Two Harbors, 55616
County: Lake
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Frandsen Bank and Trust

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 surgical and medical instrument manufacturing — by location, industry.

SBA lenders in Minnesota Lenders for surgical and medical instrument manufacturing Surgical and Medical Instrument Manufacturing lenders in Minnesota

Similar businesses

Comparable surgical and medical instrument manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

TruNorth Automation LLC

Oakdale, MN· ~163 mi

Surgical and Medical Instrument Manufacturing

$331K
SBA financing: ≈ $649K–$1.1M
Est. revenue (rough)

REMastered Sleep LLC

Burnsville, MN· ~183 mi

Surgical and Medical Instrument Manufacturing

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Adcura, Inc.

Eden Prairie, MN· ~181 mi

Surgical and Medical Instrument Manufacturing

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

GeaCom, Inc.

Duluth, MN· ~34 mi

Surgical and Medical Instrument Manufacturing

$3.7M
SBA financing: ≈ $7.3M–$12M
Est. revenue (rough)

Midwest Interventional Systems, Inc.

Maple Grove, MN· ~169 mi

Surgical and Medical Instrument Manufacturing

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Precision Medical Glass LLC

Litchfield, MN· ~197 mi

Surgical and Medical Instrument Manufacturing

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for North Shore Medical, LLC in Two Harbors, MN (Surgical and Medical Instrument Manufacturing). 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 $265K
On record FY2021
6 jobs supported
Industry: Surgical and Medical Instrument Manufacturing
Location: Two Harbors, MN
Lender: Frandsen Bank and Trust

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Surgical and Medical Instrument Manufacturing businesses in MN for ~$265k 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 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/north-shore-medical-llc-mn
API:: https://dealroom.so/api/public/businesses/north-shore-medical-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 North Shore Medical, 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 North Shore Medical, LLC.