# Arkouda Industries Inc., Owatonna MN: $555,000 SBA 7(a) loan approved 2026-01-29

**Fresh Capital Score:** 50/100

| Field | Value |
|---|---|
| Business | Arkouda Industries Inc. |
| Location | Owatonna, MN, 55060 |
| County | STEELE |
| Program | SBA 7(a) |
| Gross approval | $555,000 |
| SBA guaranteed | $416,250 |
| Approved | 2026-01-29 |
| Lender | Frandsen Bank and Trust |
| Term (months) | 120 |
| Industry | Other Building Equipment Contractors |
| NAICS | 238290 |
| Business type | CORPORATION |
| Business age | Existing or more than 2 years old |
| Jobs supported | 20 |

## Why this score
- Approval of $500K or more.
- 20 jobs supported.

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.