SBA lending record

RAK THAI, LLC

435 IONIA AVE SW, Grand Rapids, MI 49503 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$250K

Total SBA financing

Loans on record

FY2024–25

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$50,000 — FY2025

Loan 1 of 2

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Current
Rate at approval: 11% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/1/2024
First disbursement: 11/26/2024
Days to fund: 25 days
Collateral: None
Jobs supported: 32
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: PNC Bank, National Association
Address: 435 IONIA AVE SW
City: Grand Rapids, 49503
County: Kent
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 2

$200,000 — FY2024

Loan 2 of 2

Gross approval: $200,000
SBA guaranteed: $150,000 (75%)
Status: Cancelled
Rate at approval: 7.08% f
Term: 60 mo (5 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/27/2024
Collateral: Required
Jobs supported: 32
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: PNC Bank, National Association
Address: 435 IONIA AVE SW
City: Grand Rapids, 49503
County: Kent
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 2

The lender

PNC Bank, National Association

2 loans to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding full-service restaurants — by location, industry.

SBA lenders in Michigan Lenders for full-service restaurants Full-Service Restaurants lenders in Michigan

Similar businesses

Comparable full-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Garden District Hospitality LLC

Grand Rapids, MI· ~1 mi

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$238K
SBA financing: ≈ $467K–$778K
Est. revenue (rough)

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SQUIBB, LLC

Grand Rapids, MI· ~1 mi

Full-Service Restaurants

$312K
SBA financing: ≈ $612K–$1.0M
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Southern Smoke LLC

Wyoming, MI· ~4 mi

Full-Service Restaurants

$248K
SBA financing: ≈ $485K–$809K
Est. revenue (rough)

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Fifteen Two, LLC dba House Rules

Grand Rapids, MI· ~0 mi

Full-Service Restaurants

$395K
SBA financing: ≈ $775K–$1.3M
Est. revenue (rough)

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Kingcheladas Lounge LLC

Grand Rapids, MI· ~2 mi

Full-Service Restaurants

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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4405 EASTERN AVE., LLC

Grandville, MI· ~7 mi

Full-Service Restaurants

$325K
SBA financing: ≈ $637K–$1.1M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for RAK THAI, LLC in Grand Rapids, MI (Full-Service Restaurants). 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 $250K
On record FY2024–25
64 jobs supported
Industry: Full-Service Restaurants
Location: Grand Rapids, MI
Lender: PNC Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in MI for ~$125k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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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.
Canonical:: https://www.capbench.com/businesses/rak-thai-llc-mi
API:: https://www.capbench.com/api/public/businesses/rak-thai-llc-mi
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 RAK THAI, LLC.