Bennett Trucking Inc
Bennett Trucking Inc is located in Windom, MN, and the SBA lists its industry as General Freight Trucking, Long-Distance, Truckload. It was approved for an SBA 7(a) loan of $950,200 for a change of ownership on September 23, 2026.
SBA 7(a) loan, change of ownership, approved Sep 23, 2026
- Gross approval
- $950,200
- SBA-guaranteed amount
- $712,650 (75% of the approval)
- Lender
- United Prairie Bank, Mountain Lake, MN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.71%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,383 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- Project location
- Cottonwood County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average acquisition loan in General Freight Trucking, Long-Distance, Truckload: $1,974,886.
- Average acquisition loan in Minnesota: $1,482,119.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Minnesota
- Custom Transfer Inc, Long Prairie