S&B Creamery, LLC
S&B Creamery, LLC is a limited-service restaurant business in Sioux Falls, South Dakota, classified under NAICS 722513. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $600,000, approved on August 22, 2025 by First Dakota National Bank.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$600,000 approvedLender: First Dakota National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- First Dakota National Bank, Yankton, SD
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,201 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Cold Stone Creamery
- Project location
- Minnehaha County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in South Dakota: $1,631,547.
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 South Dakota
- La Enterprise Inc, Volga
- Wisepace I Inc., Aurora
- Sub Ventures, Inc, Sioux Falls
- Jireh Enterprise LLC, Rapid City