Lender intelligence
Financing a plumbing and heating equipment and supplies (hydronics) merc acquisition in Minnesota
The SBA 7(a) lenders funding the most plumbing and heating equipment and supplies (hydronics) merc 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 plumbing and heating equipment and supplies (hydronics) merc · Minnesota
Ranked by funded plumbing and heating equipment and supplies (hydronics) merc acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.15 loans · $10M · Grand Forks, NDFull record →
1+ funded Plumbing and Heating Equipment and Supplies (Hydronics) Merc 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.
- State Supply Co., Inc. in Minneapolis, MN — $4.5M (2025) · purchase · Alerus Financial, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.4M (75%)
- Approval → funding
- 60 days
- Approved
- 9/8/2025
- First disbursed
- 11/7/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Change of Ownership
- Industry
- Plumbing and Heating Equipment and Supplies (Hydronics) Merc
If you were the buyer here
- Est. deal size
- $5.0M
- Est. down payment (10%)
- $503K
- Est. cash at closing
- $695K
- Monthly payment
- $54,901
- Annual debt service
- $659K
- Cash flow needed (1.25×)
- $824K
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 Alerus Financial, National Association · Lender record →
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to plumbing and heating equipment and supplies (hydronics) merc businesses with a Minnesota project address.
Agent summary
How to finance a plumbing and heating equipment and supplies (hydronics) merc 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. Alerus Financial, National Association funds the most here. DealRoom is not a lender.
- $1.2M typical loan
- 1 lenders active in Minnesota
- 1+ funded Minnesota deals
- 60 days typical to fund
Buyers buying a plumbing and heating equipment and supplies (hydronics) merc 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.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.