SBA lending record

Tono Rapids, LLC

3500 124TH AVE, Minneapolis, MN 55433 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$410K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$410,000 — FY2021

Gross approval: $410,000
SBA guaranteed: $369,000 (90%)
Status: Current
Rate at approval: 4.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/3/2021
First disbursement: 2/17/2021
Days to fund: 14 days
Collateral: Required
Jobs supported: 12
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Limited-Service Restaurants
NAICS code: 722513
Lender: Hiawatha National Bank
Address: 3500 124TH AVE
City: Minneapolis, 55433
County: Anoka
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 3

The lender

Hiawatha National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding limited-service restaurants — by location, industry.

SBA lenders in Minnesota Lenders for limited-service restaurants Limited-Service Restaurants lenders in Minnesota

Similar businesses

Comparable limited-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

BENNETT AND FAMILY LLC

Anoka, MN· ~1 mi

Erbert and Gerbert's

$309K
SBA financing: ≈ $606K–$1.0M
Est. revenue (rough)

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CHILI LIME CANTINA L.L.C.

Champlin, MN· ~2 mi

Limited-Service Restaurants

$342K
SBA financing: ≈ $671K–$1.1M
Est. revenue (rough)

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Ritterco Inc

Anoka, MN· ~2 mi

Limited-Service Restaurants

$280K
SBA financing: ≈ $549K–$915K
Est. revenue (rough)

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VYO LLC

Anoka, MN· ~2 mi

Limited-Service Restaurants

$330K
SBA financing: ≈ $647K–$1.1M
Est. revenue (rough)

View record

Mamaharv Inc

Champlin, MN· ~3 mi

Limited-Service Restaurants

$300K
SBA financing: ≈ $588K–$980K
Est. revenue (rough)

View record

C & B Treats LLC

Minneapolis, MN· ~8 mi

Dairy Queen Operating Agreement

$400K
SBA financing: ≈ $784K–$1.3M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Tono Rapids, LLC in Minneapolis, MN (Limited-Service Restaurants). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $410K
On record FY2021
12 jobs supported
Industry: Limited-Service Restaurants
Location: Minneapolis, MN
Lender: Hiawatha National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Limited-Service Restaurants businesses in MN for ~$410k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/tono-rapids-llc-mn
API:: https://www.capbench.com/api/public/businesses/tono-rapids-llc-mn
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Tono Rapids, LLC.