SBA lending record
VeraTech, Incorporated
10601 Red Circle Drive, Minnetonka, MN 55343 · Other Miscellaneous Durable Goods Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$937K
Total SBA financing
3
Loans on record
FY2021–22
On record
39
Jobs supported
● business · ● lender — 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
- $250,000 (50%)
- Status
- Paid in full
- Rate at approval
- 4.75% v
- Term
- 23 mo (2 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/17/2021
- First disbursement
- 12/21/2021
- Days to fund
- 4 days
- Paid in full
- 12/31/2022
- Collateral
The lender
Highland Bank
3 loans to this business- Total assets
- $769.8B
- Deposits
- $670.6B
- Loans outstanding
- $537.8B
- Net income
- $568.0M
- Return on assets
- 0.295974190842126%
- Return on equity
- 3.96%
- Total equity
- $57.2B
- Offices
- 8
- Founded
- 12/2
- Headquarters
- 2100 Ford Pkwy, Saint Paul, MN, 55116
- FDIC cert
- 16111
- Website
- www.highland.bank
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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 VeraTech, Incorporated.