Main Street Registry

Dream Creamery

Minneapolis, MN · Limited-Service Restaurants · NAICS 722513

Dream Creamery is a limited-service restaurant business in Minneapolis, Minnesota, in the Limited-Service Restaurants industry. It financed real estate or equipment through an SBA 504 loan of $1,191,000 with Coulee Bank as the lender and Amplio Economic Development Corporation as the certified development company, with approval on December 17, 2024.

SBA 504 loan, approved Dec 17, 2024

$1,191,000 SBA portionCDC: Amplio Economic Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,191,000
Bank portion
$1,453,424
Estimated project size
$2,938,249 (estimated)
Estimated owner equity
$293,825 (estimated, about 10% of the project)
Bank lender
Coulee Bank, La Crosse, WI
CDC
Amplio Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 17, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
35
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 34% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Minnesota