New owners reopen Eddie’s Restaurant, Superior Choice Credit Union loan makes it possible
SUPERIOR, WI (August 22, 2022) — Ben and Mary Anderson are thrilled to be the new owners of this historic and iconic spot in Superior, WI. Founded in the late 1880’s, Eddie’s Restaurant has been a staple restaurant in the community. Along the way, there have been a few different themes and name changes, but the soul of the business has remained steadfast through the years. The restaurant reopened last Friday and was bustling all
weekend. The new owners hope to revitalize the restaurant and plan to offer more robust food and drink choices, including vegetarian options. They are embracing the community by using local food suppliers, wine, spirits, and beer vendors. “We hope that our establishment will host people from all walks of life, when you walk through our front doors, you’re meant to feel like family,” Mary says,
adding “Eric (Anderson) from Superior Choice was amazing and worked tirelessly to meet our closing deadline. We could not have opened our doors without him.”
Superior Choice Credit Union (SCCU) used a SBA (Small Business Administration) 7a loan to help make Ben and Mary’s small business dreams possible. SBA 7a is the SBA’s most common loan program, which provide financial help for businesses with special requirements. Business acquisitions like a restaurant purchase are a great example of how SBA 7a loans can be used to help aspiring entrepreneurs. These loans carry lower down payment requirements than typical bank financing and can help borrowers without previous ownership experience obtain financing they may otherwise not be approved for. “Superior Choice is proud to provide this funding to Ben and Mary to help them achieve their dream of becoming business owners along with enhancing the Superior area community and encouraging growth in the restaurant industry,” says Eric Anderson, SCCU Commercial Loan Officer.
About Superior Choice Credit Union
Superior Choice Credit Union is a member-owned financial cooperative with 8 convenient locations throughout the Twin Ports and Wisconsin. Founded in 1932, SCCU offers a full line of financial services and exceptional customer service. SCCU is the Superior Choice for all your personal and commercial financial needs. For more information on the scholarship recipients, visit www.superiorchoice.com/about/community/college-scholarships/.