Main Street Registry

Bemidji Dairy Queen

Bemidji, MN · Full-Service Restaurants · NAICS 722511

Bemidji Dairy Queen is a full-service restaurant in Bemidji, Minnesota, classified under the industry description Full-Service Restaurants. The company financed real estate or equipment through an SBA 504 loan of $1,459,000, approved on August 20, 2024, with Dakota Heritage Bank as the lender and Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Aug 20, 2024

$1,459,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,459,000
Bank portion
$1,777,500
Estimated project size
$3,596,111 (estimated)
Estimated owner equity
$359,611 (estimated, about 10% of the project)
Bank lender
Dakota Heritage Bank, Hunter, ND
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 20, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Dairy Queen Operating Agreement
Project location
Beltrami County, MN
SBA district office
Minnesota District Office
Congressional district
MN-7
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 46% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Minnesota: $2,136,981.

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