Main Street Registry

JB 2409 Real Estate, LLC

Grand Rapids, MI · Full-Service Restaurants · NAICS 722511

JB 2409 Real Estate, LLC is a business in Grand Rapids, Michigan, in the full-service restaurants industry (NAICS 722511). The company financed real estate or equipment through an SBA 504 loan of $1,109,000, approved on July 24, 2025, with Consumers Credit Union as the bank partner and Great Lakes Commercial Finance as the certified development company.

SBA 504 loan, approved Jul 24, 2025

$1,109,000 SBA portionCDC: Great Lakes Commercial Finance25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,109,000
Bank portion
$1,345,000
Estimated project size
$2,726,667 (estimated)
Estimated owner equity
$272,667 (estimated, about 10% of the project)
Bank lender
Consumers Credit Union, Kalamazoo, MI
CDC
Great Lakes Commercial Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 24, 2050 (estimated, approval date plus term)
First disbursement
Nov 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Kent County, MI
SBA district office
Michigan District Office
Congressional district
MI-2
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 11% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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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Same industry in Michigan