SBA lending record
JERDEMAN DISTRIBUTING LLC
2619 Wabash Dr NE, Grand Rapids, MI 49525 · General Line Grocery Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$64K
Total SBA financing
2
Loans on record
FY2025
On record
3
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$39,000 — FY2025
Loan 1 of 2- Gross approval
- $39,000
- SBA guaranteed
- $29,250 (75%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 60 mo (5 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/14/2024
- First disbursement
- 12/6/2024
- Days to fund
- 22 days
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- General Line Grocery Merchant Wholesalers
- NAICS code
- 424410
- Address
- 2619 Wabash Dr NE
- City
- Grand Rapids, 49525
- County
- Kent
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 3
$25,000 — FY2025
Loan 2 of 2- Gross approval
- $25,000
- SBA guaranteed
- $12,500 (50%)
- Status
- Current
- Rate at approval
- 9.5% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/17/2025
- First disbursement
- 3/7/2025
- Days to fund
- 18 days
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- General Line Grocery Merchant Wholesalers
- NAICS code
- 424410
- Address
- 2619 WABASH DR NE
- City
- Grand Rapids, 49525
- County
- Kent
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 3
The lender
The Huntington National Bank
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding general line grocery merchant wholesalers — by location, industry.
Similar businesses
Comparable general line grocery merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
QKD LLC
Grand Rapids, MI· ~11 mi
General Line Grocery Merchant Wholesalers
- $250K
- SBA financing
- ≈ $490K–$817K
- Est. revenue (rough)
GROCERY EQUIPMENT SALES LLC
Grand Rapids, MI· ~11 mi
General Line Grocery Merchant Wholesalers
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
BMN Food USA, Inc.
Glenview, IL· ~130 mi
General Line Grocery Merchant Wholesalers
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Spice N' More Michigan, LTD.
Dearborn, MI· ~134 mi
General Line Grocery Merchant Wholesalers
- $70K
- SBA financing
- ≈ $137K–$229K
- Est. revenue (rough)
Northpoint Sales LLC
Warren, MI· ~134 mi
General Line Grocery Merchant Wholesalers
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Chicago Johnny's Co.
Woodstock, IL· ~153 mi
General Line Grocery Merchant Wholesalers
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for JERDEMAN DISTRIBUTING LLC in Grand Rapids, MI (General Line Grocery Merchant Wholesalers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $64K
- On record FY2025
- 3 jobs supported
- Industry: General Line Grocery Merchant Wholesalers
- Location: Grand Rapids, MI
- Lender: The Huntington National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with General Line Grocery Merchant Wholesalers businesses in MI for ~$32k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with JERDEMAN DISTRIBUTING LLC.