Nothing Bundt Cakes
Nothing Bundt Cakes, a franchise business in Plymouth, Minnesota, operates in the retail bakeries industry (NAICS 311811). The company financed real estate or equipment through an SBA 504 loan of $1,127,000, approved on October 29, 2024 by Scale Bank with Central Minnesota Development Company as the certified development company.
SBA 504 loan, approved Oct 29, 2024
$1,127,000 SBA portionCDC: Central Minnesota Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,127,000
- Bank portion
- $1,100,000
- Estimated project size
- $2,474,444 (estimated)
- Estimated owner equity
- $247,444 (estimated, about 10% of the project)
- Bank lender
- Scale Bank, Edina, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 115
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Franchise
- Nothing Bundt Cakes
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 8% of expansion loans in Retail Bakeries on this site.
- Average expansion loan in Retail Bakeries: $1,805,833.
- 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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