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Tonic Salvage, LLC — SBA Loan Record (Hermantown, MN) | DealRoom

Intelligence/Home Furnishing Merchant Wholesalers/MN

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SBA lending record

Tonic Salvage, LLC

3850 Old Midway Rd, Hermantown, MN 55810 · Home Furnishing Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$52K

Total SBA financing

1

Loan on record

FY2021

On record

4

Jobs supported

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

Is Tonic Salvage, 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

$51,700 — FY2021

Gross approval: $51,700
SBA guaranteed: $38,775 (75%)
Status: Current
Rate at approval: 6% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/23/2021
First disbursement: 6/25/2021
Days to fund: 2 days
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Home Furnishing Merchant Wholesalers
NAICS code: 423220
Lender: Northeast Entrepreneur Fund, Inc.
Address: 3850 Old Midway Rd
City: Hermantown, 55810
County: Saint Louis
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Northeast Entrepreneur Fund, Inc.

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding home furnishing merchant wholesalers — by location, industry.

SBA lenders in Minnesota Lenders for home furnishing merchant wholesalers Home Furnishing Merchant Wholesalers lenders in Minnesota

Similar businesses

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

THREEDEALS LLC

Fridley, MN· ~125 mi

Home Furnishing Merchant Wholesalers

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

Belray Home Furnishings & Decor LLC

Excelsior, MN· ~144 mi

Home Furnishing Merchant Wholesalers

$140K
SBA financing: ≈ $275K–$458K
Est. revenue (rough)

TEL CUSTOM WOODWORKING LLC

Wyoming, MN· ~107 mi

Home Furnishing Merchant Wholesalers

$15K
SBA financing: ≈ $29K–$49K
Est. revenue (rough)

TOHST, LLC

Spokane Valley, WA· ~1167 mi

Home Furnishing Merchant Wholesalers

$65K
SBA financing: ≈ $127K–$212K
Est. revenue (rough)

Sirpe USA L.L.C.

Saint Paul, KS· ~136 mi

Home Furnishing Merchant Wholesalers

$250K
SBA financing: ≈ $490K–$817K
Est. revenue (rough)

KEEGAN CO LLC

Mercer Island, WA· ~1399 mi

Home Furnishing Merchant Wholesalers

$20K
SBA financing: ≈ $39K–$65K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Tonic Salvage, LLC in Hermantown, MN (Home Furnishing 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 $52K
On record FY2021
4 jobs supported
Industry: Home Furnishing Merchant Wholesalers
Location: Hermantown, MN
Lender: Northeast Entrepreneur Fund, Inc.

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Home Furnishing Merchant Wholesalers businesses in MN for ~$52k 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/tonic-salvage-llc-mn
API:: https://dealroom.so/api/public/businesses/tonic-salvage-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 Tonic Salvage, 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 Tonic Salvage, LLC.