Hmong American Market Inc.
Hmong American Market Inc. is a specialty food retailer in Brooklyn Center, Minnesota, classified under the NAICS code for all other specialty food retailers. The company was approved for an SBA 504 loan of $5,000,000 through CorTrust Bank National Association and Twin Cities-Metro Certified Development Company, with an approval date of April 25, 2026, to finance real estate or equipment. The loan was not funded.
SBA 504 loan, approved Apr 25, 2026
$5,000,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $6,893,200
- Estimated project size
- $13,214,667 (estimated)
- Estimated owner equity
- $1,321,467 (estimated, about 10% of the project)
- Bank lender
- CorTrust Bank National Association, Mitchell, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 25, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 90% of expansion loans in All Other Specialty Food Retailers on this site.
- Average expansion loan in All Other Specialty Food Retailers: $2,526,500.
- Average expansion loan in Minnesota: $2,136,981.
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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