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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 $478.4 thousand. 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$885.3 thousand
10The Heritage Hotel, LLC, Albert Lea$638.0 thousand
11Trails Travel Plaza Inc., Albert Lea$571.6 thousand
12Trails Travel Plaza, Inc., Albert Lea$571.5 thousand
13Midwest Ag Electric Inc, Albert Lea$562.7 thousand
14Albert Lea Seed House, Inc., Albert Lea$559.3 thousand
15Cct Enterprises, LLC, Albert Lea$526.5 thousand
16Mhf Of Freeborn County Inc, Austin$517.7 thousand
17Dorco Inc., Albert Lea$508.2 thousand
18Mhf Of Freeborn County, Inc., Austin$500.2 thousand
19Intellicents Inc, Albert Lea$490.3 thousand
20K & K Fabrication Inc, Austin$454.1 thousand
20K & K Fabrication, Inc., Austin$454.1 thousand
22Agilis Co., Albert Lea$432.8 thousand
23Minnesota Freezer Warehouse Company, Albert Lea$429.9 thousand
24Jim And Dude's Plumbing And Heating, Inc., Albert Lea$422.8 thousand
25World Transload & Logistics, LLC, Albert Lea$400.2 thousand
26Interstate Motor Trucks, Inc., Albert Lea$381.4 thousand
27Amg Prime LLC, Albert Lea$375.3 thousand
28Freeborn Construction Inc, Albert Lea$372.9 thousand
29Freeborn Construction, Inc., Albert Lea$372.9 thousand
30Freeborn County Cooperative Oil Company, Albert Lea$367.4 thousand
31Krown, Inc., Hartland$363.5 thousand
32Pro Trucking, Inc., Albert Lea$344.8 thousand
33Trails Truck Service Center, Inc, Albert Lea$328.4 thousand
34Markquart Chevrolet Of Albert Lea, LLC, Albert Lea$321.3 thousand
35Thompson Sanitation, Inc., Clarks Grove$304.3 thousand
36Pro Manufacturing, Inc., Albert Lea$294.6 thousand
37Interstate Molding And Manufacturing, Inc., Albert Lea$287.8 thousand
38Motor Inn Company, Albert Lea$281.7 thousand
39L & D Ag Service, Inc., Hartland$279.9 thousand
40Lukes Brothers, Inc., Glenville$250.2 thousand
41Bjorklund, Metzdorf, Lang & Prigge Clarks Grove-Waseca Veter, Clarks Grove$250.0 thousand
42Cafourek & Associates, Inc., Albert Lea$235.3 thousand
43Schipp's Pro Power Wash, Inc., Albert Lea$232.8 thousand
44Albert Lea Electro Plating, Albert Lea$225.5 thousand
45Newry Ag, LLC, Blooming Prairie$225.1 thousand
46Mortarr, LLC, Albert Lea$216.3 thousand
47Wedgewood Cove Golf Club, LLC, Albert Lea$215.9 thousand
48Wedgewood Cove Golf Club LLC, Albert Lea$215.9 thousand
49Rink Systems Inc., Albert Lea$212.2 thousand
50Newry Ag LLC, Blooming Prairie$212.1 thousand
51Advanced Family Dental P.A., Albert Lea$211.1 thousand
52Advanced Family Dental, P.A., Albert Lea$210.1 thousand
53Krown Inc., Hartland$210.1 thousand
54Liberty Investments Of Albert Lea, Inc, Albert Lea$208.4 thousand
55Oak Park Place Of Albert Lea, LLC, Albert Lea$205.7 thousand
56Rink Systems Inc, Albert Lea$204.9 thousand
57Jensen Excavating & Trucking LLC, Albert Lea$203.1 thousand
58Albert Lea Seamless Of Albert Lea Inc, Albert Lea$200.8 thousand
59Johnson's Heating & Air Conditioning, Inc., Albert Lea$198.1 thousand
60Embrace Home Care, LLC, Albert Lea$190.0 thousand
61Olson Grading Inc, Austin$186.3 thousand
62Knutson Oil Company, Glenville$184.5 thousand
63Knutson Oil Co, Glenville$184.5 thousand
64Sar Manufacturing Inc., Albert Lea$184.3 thousand
64Sar Manufacturing, Inc., Albert Lea$184.3 thousand
66Jones Haugh & Smith Inc., Albert Lea$178.3 thousand
67Jones, Haugh & Smith Inc., Albert Lea$178.2 thousand
68Albert Lea Newspapers Inc., Albert Lea$178.1 thousand
69Stadheim Jewelers, Inc., Albert Lea$177.6 thousand
70I-90 Reprocessing, LLC, Albert Lea$167.5 thousand
71The Children's Center, Albert Lea$166.7 thousand
72Broskoff Structures Inc, Geneva$162.1 thousand
73Hanson Tire Service, Of Albert Lea, Inc., Albert Lea$156.2 thousand
74Palleton Pallets, LLC, Albert Lea$155.0 thousand
75Peterson, Kolker, Haedt & Benda, Ltd., Albert Lea$154.2 thousand
76O'Connor Electric LLC, Albert Lea$154.2 thousand
77Hi-Yield Products Inc, Alden$153.3 thousand
78Hi-Yield Products Inc., Alden$151.2 thousand
79Jensales Inc, Albert Lea$148.9 thousand
80Peterson Kolker Haedt & Benda Ltd, Albert Lea$147.3 thousand
81Sorenson's Appliance & Tv Inc., Geneva$141.2 thousand
82Thompson Electric Of Albert Lea Inc, Albert Lea$138.9 thousand
83Church Offset Printing Inc, Albert Lea$138.7 thousand
84Prairie Senior Cottages Of Albert Lea L, Albert Lea$138.6 thousand
85Sorenson's Appliance & Tv Inc., Geneva$138.4 thousand
86Shell Rock Ag, Inc., Hayward$135.1 thousand
87Freeborn's Pride Builders Inc., Freeborn$134.4 thousand
88Vanerkel Farms Inc, Hollandale$132.6 thousand
89Brink's Mfg. Co., Clarks Grove$129.2 thousand
90Albert Lea Elevator Co., Inc., Albert Lea$128.5 thousand
91Trails Qsr Group Inc., Albert Lea$128.5 thousand
92Plaza Morena Restaurant Inc., Albert Lea$128.4 thousand
93Kary & Smith Inc., Albert Lea$128.4 thousand
94Igo Legacy Hotel Group Albert Lea, LLC, Albert Lea$124.8 thousand
95New Geneva Meats And Processing, Inc., Geneva$120.9 thousand
96Profitpro, LLC, Albert Lea$113.8 thousand
97Om Shiv Shakti Inc., Albert Lea$112.1 thousand
98John M. Enger, Professional Association, Albert Lea$109.5 thousand
99Hammer, Dieser & Mangskau, Pllp, Albert Lea$109.2 thousand
100Best Sports Enterprise Venture Ii LLC, Albert Lea$108.4 thousand

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

Data retrieved