Main Street Registry

B-52 Burgers and Brew

Inver Grove Heights, MN · Full-Service Restaurants · NAICS 722511

B-52 Burgers and Brew is a full-service restaurant business in Inver Grove Heights, Minnesota, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,326,000, approved on November 14, 2024, through BankVista and the Amplio Economic Development Corporation.

SBA 504 loan, approved Nov 14, 2024

$1,326,000 SBA portionCDC: Amplio Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,326,000
Bank portion
$1,295,000
Estimated project size
$2,912,222 (estimated)
Estimated owner equity
$291,222 (estimated, about 10% of the project)
Bank lender
BankVista, Sartell, MN
CDC
Amplio Economic Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 14, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Dakota County, MN
SBA district office
Minnesota District Office
Congressional district
MN-2
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 33% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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