Dairy Queen of Pine City
Dairy Queen of Pine City is a business in Pine City, Minnesota, classified under the industry Confectionery and Nut Retailers (NAICS 445292). The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,448,000, approved on November 28, 2025, through PrinsBank and the certified development company Midwest Business Finance Corporation.
SBA 504 loan, approved Nov 28, 2025
$1,448,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,448,000
- Bank portion
- $1,750,000
- Estimated project size
- $3,553,333 (estimated)
- Estimated owner equity
- $355,333 (estimated, about 10% of the project)
- Bank lender
- PrinsBank, Prinsburg, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 28, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 445292, Confectionery and Nut Retailers
- Franchise
- DQ Grill & Chill Operating Agreement (American Dairy Queen)
- Project location
- Pine County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Confectionery and Nut Retailers: $1,372,667.
- 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
- The Minnesota Chocolate Lab LLC, Marine on Saint Croix