Main Street Registry

K T C Ventures Holdings 2, LLC

Leonard, MI · Limited-Service Restaurants · NAICS 722513

K T C Ventures Holdings 2, LLC is a limited-service restaurant business in Leonard, Michigan, classified under NAICS 722513. The business financed real estate or equipment through an SBA 504 loan of $1,261,000, approved on July 28, 2025, with Bank Five Nine as the lender and Great Lakes Commercial Finance as the certified development company.

SBA 504 loan, approved Jul 28, 2025

$1,261,000 SBA portionCDC: Great Lakes Commercial Finance25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,261,000
Bank portion
$1,816,288
Estimated project size
$3,419,209 (estimated)
Estimated owner equity
$341,921 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Great Lakes Commercial Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 28, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
35
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-9
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 41% 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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Same industry in Michigan