Southern Minnesota Initiative Foundation Provides Loan to Maggie J’s Restaurant
SMIF on 08/25/2015
MAPLETON, Minn., August 25, 2015 – Southern Minnesota Initiative Foundation (SMIF) recently approved funding from its Small Enterprise Loan Fund to Maggie J’s in Mapleton, a casual-dining restaurant and bar scheduled to open September 2015. Pioneer Bank of North Mankato is a partner on this loan.
After an area-wide survey by the City of Mapleton indicated that residents wanted a casual, family dining option, Jason Langworthy of Mapleton decided to take advantage of the market opportunity. “Mapleton has had other restaurants that specialize in certain cuisine, such as Chinese or BBQ, but Maggie J’s will offer a broad home-style, American food menu,” said Langworthy, who will be the owner and operator of Maggie J’s. “I’ve always loved to cook, and this seems like the perfect chance to pursue that passion while investing in an area I’ve always called home.”
SMIF’s loan will help Langworthy purchase the necessary supplies to build out a commercial kitchen and dining room. Maggie J’s will be located at 203 NE Main Street in Mapleton. Langworthy will be the head cook and kitchen manager, and Maggie Vait, the first half of the restaurant’s namesake (the “J” being for Jason), will manage all front of house operations.
“Start-up small businesses like Maggie J’s are necessary to keeping our smaller communities places where people can live and work,” said SMIF President and CEO, Tim Penny. “We’re happy to support entrepreneurs like Jason who are creating the ‘third places’ within their communities: those places outside of work and home that are truly the strength of our neighborhoods. These places offer not only services like a good meal, but a space to socialize.”
SMIF provides a range of finance and management assistance services to start and grow businesses. To learn more, call Marcia Haley at 507-455-3215 or email@example.com, or visit www.smifoundation.org. SMIF is an equal opportunity lender. This loan was funded in part through a Cooperative Agreement with the U.S. Small Business Administration.