Customer Stories


The Impact

  • 30 new jobs
  • Woman-owned business

alicia

The Buttered Tin – Lowertown, St Paul

Entrepreneur Alicia Hinze is a creative and talented pastry chef. Before opening her current business, she worked in many well-known bakeries and had even participated on the show Cupcake Wars. But she dreamed of opening her own restaurant/bakery - the Buttered Tin - in St. Paul’s Lowertown neighborhood.

Because Buttered Tin was a startup business, she was turned down by a number of banks who told her they don’t finance “mom and pop startup restaurants.”

Recognizing her experience and strong business plan, we were able to provide a $200,000 loan, which allowed her to purchase equipment, make leasehold improvements and open the Buttered Tin. The business opened to rave reviews and anxious diners waiting in lines that stretched out the door. That success continued and in 2016 we were able to provide another SBA 7(a) loan for $275,000 to expand the business.