Main Street Registry

Purin Corp MN Inc.

Shoreview, MN · Machine Shops · NAICS 332710

Purin Corp MN Inc. is a machine shop in Shoreview, Minnesota, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,148,300, approved on August 20, 2025 by Community Savings Bank.

SBA 7(a) loan, change of ownership, approved Aug 20, 2025

$1,148,300 approvedLender: Community Savings Bank17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,148,300
SBA-guaranteed amount
$861,225 (75% of the approval)
Lender
Community Savings Bank, Edgewood, IA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.25%, variable
Term
17 years (204 months)
Estimated maturity
August 20, 2042 (estimated, approval date plus term)
Estimated monthly payment
$10,486 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 24% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • 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