Lender intelligence
Financing a motor vehicle towing acquisition in Minnesota
The SBA 7(a) lenders funding the most motor vehicle towing acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in motor vehicle towing · Minnesota
Ranked by funded motor vehicle towing acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.34 loans · $19M · Arden Hills, MNFull record →
- 2.12 loans · $5M · Fargo, NDFull record →
5+ funded Motor Vehicle Towing 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.
- Weyand Companies LLC in Minnetonka, MN — $1.0M (2023) · purchase · Choice Financial Group
- Program
- Preferred Lenders Program
- Rate at approval
- 6.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $765K (75%)
- Approval → funding
- 10 days
- Approved
- 10/21/2022
- First disbursed
- 10/31/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $1.1M
- Est. down payment (10%)
- $113K
- Est. cash at closing
- $155K
- Monthly payment
- $11,582
- Annual debt service
- $139K
- Cash flow needed (1.25×)
- $174K
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 Choice Financial Group · Lender record →
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- Sweet Towing, LLC in Owatonna, MN — $677K (2023) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 9.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $508K (75%)
- Approval → funding
- 4 days
- Approved
- 6/23/2023
- First disbursed
- 6/27/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $752K
- Est. down payment (10%)
- $75K
- Est. cash at closing
- $101K
- Monthly payment
- $8,667
- Annual debt service
- $104K
- Cash flow needed (1.25×)
- $130K
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 Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- Ed's Towing Service Co. in Moorhead, MN — $1.6M (2021) · purchase · First Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (75%)
- Approval → funding
- 31 days
- Approved
- 12/11/2020
- First disbursed
- 1/11/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 18
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $1.8M
- Est. down payment (10%)
- $178K
- Est. cash at closing
- $244K
- Monthly payment
- $9,582
- Annual debt service
- $115K
- Cash flow needed (1.25×)
- $144K
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 First Bank · Lender record →
Your business? Claim this record · Request removal
- Collins Brothers Towing of St. Cloud, Inc. in Saint Cloud, MN — $2.7M (2020) · purchase · Falcon National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.0M (75%)
- Approval → funding
- 67 days
- Approved
- 10/25/2019
- First disbursed
- 12/31/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $3.0M
- Est. down payment (10%)
- $303K
- Est. cash at closing
- $418K
- Monthly payment
- $31,686
- Annual debt service
- $380K
- Cash flow needed (1.25×)
- $475K
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 Falcon National Bank · Lender record →
Your business? Claim this record · Request removal
- LP's Outdoor Services, LLC in Aitkin, MN — $129K (2020) · purchase · Members Cooperative Credit Union
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $64K (50%)
- Approval → funding
- 34 days
- Approved
- 11/27/2019
- First disbursed
- 12/31/2019
- Loan status
- Paid in full (4/30/2025)
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $143K
- Est. down payment (10%)
- $14K
- Est. cash at closing
- $18K
- Monthly payment
- $1,494
- Annual debt service
- $18K
- Cash flow needed (1.25×)
- $22K
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 Members Cooperative Credit Union · Lender record →
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to motor vehicle towing businesses with a Minnesota project address.
Agent summary
How to finance a motor vehicle towing acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. Frandsen Bank and Trust funds the most here. DealRoom is not a lender.
- $586K typical loan
- 5 lenders active in Minnesota
- 5+ funded Minnesota deals
- 31 days typical to fund
Buyers buying a motor vehicle towing in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender active 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: