Main Street Registry

Blue Ribbon Hospitality, Inc.

Coon Rapids, MN · Limited-Service Restaurants · NAICS 722513

Blue Ribbon Hospitality, Inc. is a limited-service restaurant business located in Coon Rapids, Minnesota, classified under NAICS code 722513. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $4,660,500 from Old National Bank, approved December 1, 2025. The business is listed as a Culver's franchise and reports 21 jobs.

SBA 7(a) loan, change of ownership, approved Dec 1, 2025

$4,660,500 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,660,500
SBA-guaranteed amount
$3,495,375 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7.25%, fixed
Term
25 years (300 months)
Estimated maturity
December 1, 2050 (estimated, approval date plus term)
Estimated monthly payment
$33,686 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Anoka County, MN
SBA district office
Minnesota District Office
Congressional district
MN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 98% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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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Same industry in Minnesota