Grocery Store Feasibility Study in the Grand Rapids-Wyoming-Kentwood, MI Metro Area
What SBA's own loan files show about grocery store lending in the Grand Rapids-Wyoming-Kentwood, MI Metro Area, and what a feasibility study for a project there has to test.
Grocery store in Grand Rapids: the loan record
Grand Rapids gets 27 loans approved for grocery store, $26.5 million gross, from FY2017 to FY2026. Grand Rapids, for grocery store, ranks 26 of 412 in the area ranking. Within Grand Rapids, grocery store ranks 8 of 39. Grand Rapids's quotient is 1.07x: grocery store above the national share.
Grand Rapids size and franchise status
Grand Rapids shows half its loans at or under $189,000, with the middle half spanning $55,000 up to $1.7 million. Grand Rapids loans sit at 0.54x of the national class median. In Grand Rapids, borrowers draw smaller loans than nationally. Grand Rapids shows no 7(a) count. Grand Rapids shows no 504 count either. Grand Rapids: too few loans back either count. Grand Rapids prints no franchise share. Too few Grand Rapids loans support one. Grand Rapids loans run smaller, so Grand Rapids overruns weigh more.
Grand Rapids holders and counties
Grand Rapids SBA 7(a) holder: 13 loans, $3.3 million, The Huntington National Bank. Grand Rapids names here hold or held loans. In Grand Rapids, SBA rows say nothing of requirements. Grand Rapids borrowers see holders, not lenders. Grand Rapids puts all 19 loans under Kent County, MI.
Grand Rapids years, floors and coding limits
Floors in Grand Rapids follow Loan Analytics' own rule. The Grand Rapids cohort holds fewer than 30 loans. Grand Rapids disbursements cover FY2017 to FY2021. No Grand Rapids cancellation floor prints. No Grand Rapids charge-off floor prints either. Grand Rapids blanks are no zero. Grand Rapids blanks are no clean book. Each Grand Rapids rate is a floor. Grand Rapids follows July 2023 boundaries. Grand Rapids places loans by project county. Grand Rapids drops loans lacking a placeable county.
Grand Rapids: testing a grocery store project
Grand Rapids grocery store projects open with the $189,000 median, a size check for Grand Rapids. A Grand Rapids lender will ask how inventory is financed, how fast it turns, and what the refrigeration and fixtures cost to install. The appraisal in Grand Rapids has to decide whether the building, the business or the land carries the value, and the study keeps those apart. A Grand Rapids study should test the store's parking, access and delivery layout, since a good concept on a poor site underperforms. Daniel Smith, MAI, signs every Grand Rapids grocery store study. For Grand Rapids, demand and cost are tested. In Grand Rapids, coverage and value are tested. No Grand Rapids approval is promised by any study.
SBA grocery store loans in the Grand Rapids-Wyoming-Kentwood, MI Metro Area
| Loans approved, FY2017 to FY2026 | 27 |
|---|---|
| Gross dollars approved | $26.5 million |
| Median loan | $189,000 |
| Middle half of loans, from | $55,000 |
| Middle half of loans, to | $1.7 million |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | withheld |
| Rank among metro and micro areas for grocery store loans | 26 of 412 |
| Rank of grocery store among the classes in this area | 8 of 39 |
| Location quotient (share of loans against the national share) | 1.07x |
| Median loan against the national median for the class | 0.54x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Approvals by fiscal year are withheld for this area, so that no year of fewer than 5 loans can be derived.
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 13 | $3.3 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Kent County, MI | 19 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-24340-C40.
Related feasibility study pages
- Grocery store feasibility study consultant
- Feasibility Study Data for the Grand Rapids-Wyoming-Kentwood, MI Metro Area
- Grocery Store Feasibility Study in Michigan
- Michigan feasibility studies for SBA and USDA loans
- Feasibility Study Data by Metro Area
- SBA feasibility study consultant
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