Townsend and Mattek Holdings LLC
Townsend and Mattek Holdings LLC is located in Minneapolis, Minnesota, and is classified under Other Grocery and Related Products Merchant Wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,945,800 approved by Associated Bank National Association on January 29, 2026. The loan has a 120-month term and is reported to support 8 jobs.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$1,945,800 approvedLender: Associated Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,945,800
- SBA-guaranteed amount
- $1,459,350 (75% of the approval)
- Lender
- Associated Bank National Association, Green Bay, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $22,844 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 23, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 57% of acquisition loans in Other Grocery and Related Products Merchant Wholesalers on this site.
- Average acquisition loan in Other Grocery and Related Products Merchant Wholesalers: $2,369,093.
- 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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