Main Street Registry

Fresh Farms Market

Grosse Pointe Farms, MI · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Fresh Farms Market, located in Grosse Pointe Farms, Michigan, operates in the supermarkets and other grocery retailers industry. The business financed real estate or equipment through an SBA 504 loan of $5.5 million, with Northstar Bank as the lending bank and the Michigan Certified Development Corporation as the certified development company, and the loan was approved on February 13, 2026.

SBA 504 loan, approved Feb 13, 2026

$5,500,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,500,000
Bank portion
$9,276,551
Estimated project size
$16,418,390 (estimated)
Estimated owner equity
$1,641,839 (estimated, about 10% of the project)
Bank lender
Northstar Bank, Bad Axe, MI
CDC
Michigan Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 13, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
100
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-14
Collateral
Yes

Estimated share of project by source

Bank 57% SBA (CDC) 33% Owner 10%

  • Larger than 97% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
  • 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