CDC Westland, LLC
CDC Westland, LLC is located in Westland, MI, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 504 loan ($1,141,000 SBA portion) on July 8, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jul 8, 2026
- SBA (CDC) portion
- $1,141,000
- Bank portion
- $1,385,000
- Estimated project size
- $2,806,667 (estimated)
- Estimated owner equity
- $280,667 (estimated, about 10% of the project)
- Bank lender
- Lake Michigan Credit Union, Farmington Hills, MI
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- July 8, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- DQ Grill & Chill Operating Agreement (American Dairy Queen)
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 23% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Michigan: $2,050,489.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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