Food & Restaurants · lender intelligence
How to finance a Famous Dave's in Minnesota
The SBA 7(a) lenders funding the most Famous Dave's deals in Minnesota, from public loan records — typical Famous Dave's loan about $295K. A bank already funding the brand in your state knows it twice over.
Most active with Famous Dave's in Minnesota
Ranked by funded Famous Dave's loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.34 loans · $19M · Arden Hills, MNFull record →
- 2.1 loans · $0M · Duluth, MNFull record →
2+ funded Famous Dave's in Minnesota deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Minnetonka Famous Dave's in Minnetonka, MN — $1.5M (2025) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 18 days
- Approved
- 9/26/2025
- First disbursed
- 10/14/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Full-Service Restaurants
If you were the buyer here
- Est. deal size
- $1.7M
- Est. down payment (10%)
- $168K
- Est. cash at closing
- $231K
- Monthly payment
- $19,994
- Annual debt service
- $240K
- Cash flow needed (1.25×)
- $300K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- Bayfront BBQ Inc. in Hermantown, MN — $295K (2022) · North Shore Bank of Commerce
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $148K (50%)
- Approval → funding
- 32 days
- Approved
- 5/9/2022
- First disbursed
- 6/10/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Existing or more than 2 years old
- Industry
- Full-Service Restaurants
Funded by North Shore Bank of Commerce · Lender record →
Your business? Claim this record · Request removal
Buying a Famous Dave's in Minnesota? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Famous Dave's loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Famous Dave's purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Frandsen Bank and Trust funds the most here. DealRoom is not a lender.
- $295K typical Famous Dave's loan
- 2 lenders active in Minnesota
- 2+ funded Minnesota deals
- 32 days typical to fund
Buyers buying a Famous Dave's in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources: