Qm Acquisitions Llc

9208 James Avenue South, Suite, Minneapolis, MN 55431 · Machine Shops (NAICS 332710)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

2

Total Amount

$6.8M

Jobs Supported

60

Years Active

2020–2020

Loan History (2)

Source: SBA FOIA
7(a)$3,105,000
Cancelled
Approved
May 1, 2020 (FY2020)
SBA Guaranteed
$2,111,400 (68%)
Term
120 months (10.0 yrs)
Interest Rate
6.25%
Revolver
0
Jobs Supported
30
Business Type
Corporation
Business Age
New Business or 2 Years or Less
Industry
Machine Shops (NAICS 332710)

Lender

Old National Bank

One Main St, Evansville, IN 47708

Project Location

Hennepin County, MN

7(a)$3,707,700
Exempt
Approved
Jun 17, 2020 (FY2020)
SBA Guaranteed
$2,521,236 (68%)
Term
120 months (10.0 yrs)
Interest Rate
5.50%
Revolver
0
Jobs Supported
30
Business Type
Corporation
Business Age
Change of Ownership
Industry
Machine Shops (NAICS 332710)

Lender

Old National Bank

One Main St, Evansville, IN 47708

Project Location

Hennepin County, MN

Business Details

Business Type
Corporation
Business Age
New Business or 2 Years or Less
NAICS Code
332710 Machine Shops
Address
9208 James Avenue South, Suite
Minneapolis, MN 55431

Lender

Old National Bank
One Main St, Evansville, IN 47708

Other SBA Borrowers in Minneapolis

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