The Toasted Frog

Jonathan Holth and Shawn Clapp spent a number of years working in the restaurant industry prior to opening the Toasted Frog in downtown Grand Forks in 2006. They sought assistance from SCORE and SBA to put together their business plan and obtain an SBA 7(a) loan. “Any resources you can tap into you should explore,” advises Holth. “When we finished with our counseling session with SCORE, our business plan was ten times stronger than it was when we went in there.” Having a strong business plan not only gives you a road map for moving forward in your business, it will also make it easier to get bank financing. SCORE helped Holth and Clapp understand what a bank would look for in a business plan and also explained the financial options that were available to them. Holth and Clapp have since opened two more locations – downtown Bismarck in 2010 and downtown Fargo in 2014. They have also been named SCORE Mentor’s 2018 American Small Business Champion.

See more of their story on the Grand Forks SCORE YouTube site - www.youtube.com/watch?v=jm9QPqGbWkE

Company Name: 
The Toasted Frog
Location: 
Grand Forks, ND