SBA lending record
Thomas Mechanical Inc
7035 HIGHWAY 7 SW, Montevideo, MN 56265 · Electrical Contractors and Other Wiring Installation Contrac. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$838K
Total SBA financing
2
Loans on record
FY2021–23
On record
19
Jobs supported
Is Thomas Mechanical Inc your business?
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All 2 loans
$50,000 — FY2023
Loan 1 of 2- Gross approval
- $50,000
- SBA guaranteed
- $25,000 (50%)
- Status
- Paid in full
- Rate at approval
- 8.5% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/9/2023
- First disbursement
- 6/21/2023
- Days to fund
- 12 days
- Paid in full
- 1/31/2024
- Collateral
- Required
The lender
Minnwest Bank
2 loans to this business- Total assets
- $2965.1B
- Deposits
- $2599.1B
- Loans outstanding
- $2247.3B
- Net income
- $9.3B
- Return on assets
- 1.2513531929330663%
- Return on equity
- 11.39%
- Total equity
- $330.5B
- Offices
- 36
- Founded
- 05/1
- Headquarters
- 300 S Washington St, Redwood Falls, MN, 56283
- FDIC cert
- 16958
- Website
- www.minnwestbank.com
Is Thomas Mechanical Inc your business?
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Thomas Mechanical Inc.