Coffee Shop Feasibility Study in the Grand Rapids-Wyoming-Kentwood, MI Metro Area

The Grand Rapids-Wyoming-Kentwood picture for coffee shops and snack bars

Coffee shops and snack bars in Grand Rapids-Wyoming-Kentwood sit below the national share and below the national median loan, at 0.58x and 0.63x, and every loan in the cell is a 7(a) loan. The Grand Rapids-Wyoming-Kentwood, MI record for coffee shops and snack bars stands at 29 loans and $7.4 million, approved during FY2017 to FY2026. At home in Grand Rapids-Wyoming-Kentwood the class sits 7 of 39, while the area is 49 of 612 on the national list. A 0.58x location quotient means the Grand Rapids-Wyoming-Kentwood mix leans away from coffee shops and snack bars, compared with the national mix. The median loan of $150,000 is 0.63x the national median, so Grand Rapids-Wyoming-Kentwood loans run lighter than the national norm.

Half of all Grand Rapids-Wyoming-Kentwood loans fall inside a band from $50,000 up to $318,400. A proposal's place in this Grand Rapids-Wyoming-Kentwood band is an early test. The Grand Rapids-Wyoming-Kentwood program split reads 29 for 7(a) and 0 for 504. SBA's franchise flag gives coffee shops and snack bars a share of 31.0% in Grand Rapids-Wyoming-Kentwood. A reviewer reads requests against $150,000. The usual spread runs $50,000 to $318,400. Name the brand path early. Name the SBA structure the plan expects.

Who holds the Grand Rapids-Wyoming-Kentwood loans, and when

Under SBA 7(a), SBA names The Huntington Nationwide Bank with 15 loans worth $2.8 million as current holders. These are holders of record. No credit practice shows in it. The county table lists Kent County, MI (21 loans). The Grand Rapids-Wyoming-Kentwood record is a lender's yardstick. Nothing here replaces local market evidence.

Testing a coffee shop or snack bar project in Grand Rapids-Wyoming-Kentwood

Charge-off and cancellation rates: none for Grand Rapids-Wyoming-Kentwood. Too few loans sit in the cohort. None is shown as zero. The 2023 federal county groups define areas. Each loan is matched via its county. Name decides the match. Loans without a match drop out. Context here is $7.4 million on 29 loans. A study supplies what totals cannot. A study for a coffee shop or snack bar in Grand Rapids-Wyoming-Kentwood has to test labor scheduling through the day; supplier and product costs; cafes and snack outlets nearby; foot traffic at the site; daily tickets at the planned average check; morning and afternoon sales against labor; espresso and display equipment set beside the $150,000 median loan; and leasehold or real estate value. This page offers no assurance to coffee shop or snack bar sponsors. Every request is judged separately.