Main Street Registry

Northern Tap House

Maple Grove, MN · Full-Service Restaurants · NAICS 722511

Northern Tap House, a full-service restaurant business in Maple Grove, Minnesota, financed real estate or equipment through an SBA 504 loan. The SBA portion of the loan is $2,141,000, approved on July 23, 2025, with Nicolet National Bank as the partner lender and Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved Jul 23, 2025

$2,141,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,141,000
Bank portion
$2,608,000
Estimated project size
$5,276,667 (estimated)
Estimated owner equity
$527,667 (estimated, about 10% of the project)
Bank lender
Nicolet National Bank, Green Bay, WI
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 23, 2050 (estimated, approval date plus term)
First disbursement
Aug 12, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
LLC or partnership
NAICS
722511, Full-Service Restaurants
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 78% 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