# Southern Minnesota Woodcraft LLC, FARIBAULT MN: $500,000 SBA 7(a) loan approved 2026-04-21

**Fresh Capital Score:** 60/100

| Field | Value |
|---|---|
| Business | Southern Minnesota Woodcraft LLC |
| Location | FARIBAULT, MN, 55021 |
| County | RICE |
| Program | SBA 7(a) |
| Gross approval | $500,000 |
| SBA guaranteed | $250,000 |
| Approved | 2026-04-21 |
| Lender | Old National Bank |
| Term (months) | 120 |
| Industry | All Other Specialty Trade Contractors |
| NAICS | 238990 |
| Business type | CORPORATION |
| Business age | New Business or 2 years or less |
| Jobs supported | 42 |

## Why this score
- Approval of $500K or more.
- New business: still buying services and equipment.
- 42 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.