GRAND RAPIDS, MI – One of Grand Rapids’ few Black-owned businesses owes nearly $153,000 in unpaid loans, a lawsuit alleges.
Northern Initiatives, a community development financial institution based in Marquette, is taking Forty Acres Soul Kitchen and Cognac Bar to court claiming the restaurant’s owners have defaulted on a $260,250 loan, according to a lawsuit filed in the 17th Circuit Court of Kent County.