Retail & Shops · lender intelligence
How to finance a Plato's Closet in Minnesota
The SBA 7(a) lenders funding the most Plato's Closet deals in Minnesota, from public loan records — typical Plato's Closet loan about $467K. A bank already funding the brand in your state knows it twice over.
Most active with Plato's Closet in Minnesota
Ranked by funded Plato's Closet loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.116 loans · $120M · Evansville, INFull record →
1+ funded Plato's Closet in Minnesota deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- My Mind Studios LLC in Saint Paul, MN — $467K (2025) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.8% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $350K (75%)
- Approval → funding
- 80 days
- Approved
- 5/13/2025
- First disbursed
- 8/1/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Used Merchandise Retailers
If you were the buyer here
- Est. deal size
- $518K
- Est. down payment (10%)
- $52K
- Est. cash at closing
- $69K
- Monthly payment
- $5,611
- Annual debt service
- $67K
- Cash flow needed (1.25×)
- $84K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
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Buying a Plato's Closet in Minnesota? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Plato's Closet loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Plato's Closet purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Old National Bank funds the most here. DealRoom is not a lender.
- $467K typical Plato's Closet loan
- 1 lenders active in Minnesota
- 1+ funded Minnesota deals
- 80 days typical to fund
Buyers buying a Plato's Closet in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources: