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PPP loans in Freeborn County, Minnesota

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 1,573 Paycheck Protection Program loans for businesses it recorded in Freeborn County, $69.4 million in all.

Freeborn County, as of September 30, 2024

$69.4 million
Approved
$69,424,725
0.4% of the $16.6 billion approved in Minnesota.
1,573
Loans
1,154 first draws and 419 second draws.
98.5%
Forgiven
1,550 of 1,573 loans carry a forgiveness amount, $68.6 million in all.
1.2%
Charged off
19 of 1,573 loans, approved for $478,404. That is the loans' size, not what SBA lost.

The largest borrowers in Freeborn County · 2020–21

1 more column on a wider screen

The largest borrowers in Freeborn County, 2020–21
RankNameUSD
1Innovance, Inc, Albert Lea$5.1 million
2Mrs. Gerry's Kitchen, Inc., Albert Lea$2.3 million
3Argonaut Minnesota Ventures Inc, Albert Lea$2.0 million
4Amerinational Community Services LLC, Albert Lea$2.0 million
5St. John's Lutheran Home Of Alberta Lea, Albert Lea$1.8 million
6Dave Syverson, Inc., Albert Lea$1.5 million
7Albert Lea Electric Company, Albert Lea$1.1 million
8Crossroads Trailer Sales & Service, Inc., Albert Lea$1.0 million
9Interstate Packaging Corporation, Albert Lea$885,274
10The Heritage Hotel, LLC, Albert Lea$637,987
11Trails Travel Plaza Inc., Albert Lea$571,552
12Trails Travel Plaza, Inc., Albert Lea$571,500
13Midwest Ag Electric Inc, Albert Lea$562,700
14Albert Lea Seed House, Inc., Albert Lea$559,281
15Cct Enterprises, LLC, Albert Lea$526,472
16Mhf Of Freeborn County Inc, Austin$517,711
17Dorco Inc., Albert Lea$508,160
18Mhf Of Freeborn County, Inc., Austin$500,200
19Intellicents Inc, Albert Lea$490,338
20K & K Fabrication Inc, Austin$454,092
20K & K Fabrication, Inc., Austin$454,092
22Agilis Co., Albert Lea$432,807
23Minnesota Freezer Warehouse Company, Albert Lea$429,900
24Jim And Dude's Plumbing And Heating, Inc., Albert Lea$422,800
25World Transload & Logistics, LLC, Albert Lea$400,227
26Interstate Motor Trucks, Inc., Albert Lea$381,352
27Amg Prime LLC, Albert Lea$375,348
28Freeborn Construction Inc, Albert Lea$372,944
29Freeborn Construction, Inc., Albert Lea$372,943
30Freeborn County Cooperative Oil Company, Albert Lea$367,362
31Krown, Inc., Hartland$363,500
32Pro Trucking, Inc., Albert Lea$344,800
33Trails Truck Service Center, Inc, Albert Lea$328,400
34Markquart Chevrolet Of Albert Lea, LLC, Albert Lea$321,300
35Thompson Sanitation, Inc., Clarks Grove$304,269
36Pro Manufacturing, Inc., Albert Lea$294,600
37Interstate Molding And Manufacturing, Inc., Albert Lea$287,807
38Motor Inn Company, Albert Lea$281,700
39L & D Ag Service, Inc., Hartland$279,913
40Lukes Brothers, Inc., Glenville$250,247
41Bjorklund, Metzdorf, Lang & Prigge Clarks Grove-Waseca Veter, Clarks Grove$250,000
42Cafourek & Associates, Inc., Albert Lea$235,255
43Schipp's Pro Power Wash, Inc., Albert Lea$232,800
44Albert Lea Electro Plating, Albert Lea$225,500
45Newry Ag, LLC, Blooming Prairie$225,100
46Mortarr, LLC, Albert Lea$216,300
47Wedgewood Cove Golf Club, LLC, Albert Lea$215,890
48Wedgewood Cove Golf Club LLC, Albert Lea$215,887
49Rink Systems Inc., Albert Lea$212,196
50Newry Ag LLC, Blooming Prairie$212,128
51Advanced Family Dental P.A., Albert Lea$211,147
52Advanced Family Dental, P.A., Albert Lea$210,100
53Krown Inc., Hartland$210,085
54Liberty Investments Of Albert Lea, Inc, Albert Lea$208,400
55Oak Park Place Of Albert Lea, LLC, Albert Lea$205,700
56Rink Systems Inc, Albert Lea$204,950
57Jensen Excavating & Trucking LLC, Albert Lea$203,145
58Albert Lea Seamless Of Albert Lea Inc, Albert Lea$200,838
59Johnson's Heating & Air Conditioning, Inc., Albert Lea$198,096
60Embrace Home Care, LLC, Albert Lea$190,000
61Olson Grading Inc, Austin$186,300
62Knutson Oil Company, Glenville$184,507
63Knutson Oil Co, Glenville$184,505
64Sar Manufacturing Inc., Albert Lea$184,300
64Sar Manufacturing, Inc., Albert Lea$184,300
66Jones Haugh & Smith Inc., Albert Lea$178,295
67Jones, Haugh & Smith Inc., Albert Lea$178,200
68Albert Lea Newspapers Inc., Albert Lea$178,103
69Stadheim Jewelers, Inc., Albert Lea$177,630
70I-90 Reprocessing, LLC, Albert Lea$167,470
71The Children's Center, Albert Lea$166,732
72Broskoff Structures Inc, Geneva$162,147
73Hanson Tire Service, Of Albert Lea, Inc., Albert Lea$156,200
74Palleton Pallets, LLC, Albert Lea$155,000
75Peterson, Kolker, Haedt & Benda, Ltd., Albert Lea$154,230
76O'Connor Electric LLC, Albert Lea$154,194
77Hi-Yield Products Inc, Alden$153,316
78Hi-Yield Products Inc., Alden$151,200
79Jensales Inc, Albert Lea$148,942
80Peterson Kolker Haedt & Benda Ltd, Albert Lea$147,271
81Sorenson's Appliance & Tv Inc., Geneva$141,158
82Thompson Electric Of Albert Lea Inc, Albert Lea$138,900
83Church Offset Printing Inc, Albert Lea$138,698
84Prairie Senior Cottages Of Albert Lea L, Albert Lea$138,600
85Sorenson's Appliance & Tv Inc., Geneva$138,402
86Shell Rock Ag, Inc., Hayward$135,109
87Freeborn's Pride Builders Inc., Freeborn$134,443
88Vanerkel Farms Inc, Hollandale$132,642
89Brink's Mfg. Co., Clarks Grove$129,200
90Albert Lea Elevator Co., Inc., Albert Lea$128,500
91Trails Qsr Group Inc., Albert Lea$128,478
92Plaza Morena Restaurant Inc., Albert Lea$128,397
93Kary & Smith Inc., Albert Lea$128,354
94Igo Legacy Hotel Group Albert Lea, LLC, Albert Lea$124,796
95New Geneva Meats And Processing, Inc., Geneva$120,875
96Profitpro, LLC, Albert Lea$113,835
97Om Shiv Shakti Inc., Albert Lea$112,117
98John M. Enger, Professional Association, Albert Lea$109,500
99Hammer, Dieser & Mangskau, Pllp, Albert Lea$109,200
100Best Sports Enterprise Venture II LLC, Albert Lea$108,357

How the list is drawn

  • 100 of the 1,374 borrowers ranked in Freeborn County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Freeborn County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Sources

Compiled automatically from SBA Paycheck Protection Program (PPP) FOIA — loan-level data and Census Bureau county population estimates by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved