Cherry Republic, Inc.
Cherry Republic, Inc. is located in Glen Arbor, MI, and the SBA lists its industry as All Other Specialty Food Retailers. It was approved for an SBA 504 loan ($2,049,000 SBA portion) on May 14, 2025 to finance real estate or equipment.
- Business type
- Partnership
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| May 14, 2025 | $2,049,000 | $2,332,554 | $4,868,393 (estimated) | Independent Bank | Great Lakes Commercial Finance | 25 years | 12 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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