Covenant Haul Inc
Covenant Haul Inc is located in Minnetonka, MN, and the SBA lists its industry as Couriers and Express Delivery Services. It was approved for an SBA 7(a) loan of $1,534,000 for a change of ownership on September 29, 2026.
SBA 7(a) loan, change of ownership, approved Sep 29, 2026
- Gross approval
- $1,534,000
- SBA-guaranteed amount
- $1,150,500 (75% of the approval)
- Lender
- BankVista, Sartell, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,612 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- 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
- FSF Holdings Inc, Minneapolis
- Rjh Delivery, Inc., Saint Paul
- Ace Deliveries Inc., Virginia
- MBA Logistics Inc, Brainerd
- JK Distribution Inc, Apple Valley