The Minnesota Chocolate Lab LLC
The Minnesota Chocolate Lab LLC, located in Marine on Saint Croix, MN, operates in the confectionery and nut retailers industry. It was financed with an SBA 7(a) loan for a change of ownership of $693,000, approved on September 3, 2025, through City & County CU.
SBA 7(a) loan, change of ownership, approved Sep 3, 2025
$693,000 approvedLender: City & County CU15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $693,000
- SBA-guaranteed amount
- $519,750 (75% of the approval)
- Lender
- City & County CU, Saint Paul, MN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- September 3, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $6,424 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 445292, Confectionery and Nut Retailers
- Project location
- Washington County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Confectionery and Nut Retailers: $1,185,189.
- 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
- Dairy Queen of Pine City, Pine City