Financing a other construction material merchant wholesalers acquisition in Michigan

1+ funded Other Construction Material Merchant Wholesalers in Michigan deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• 1019 Properties, LLC in Hudsonville, MI — $2.0M (2021) · purchase · Fifth Third Bank

  Program

  Preferred Lenders Program

  Rate at approval

  5% variable

  Term

  156 mo (13 yrs)

  SBA guaranteed

  $1.8M (90%)

  Approval → funding

  2 days

  Approved

  6/28/2021

  First disbursed

  6/30/2021

  Loan status

  Paid in full (10/31/2024)

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Jobs supported

  6

  Business age

  Change of Ownership

  Industry

  Other Construction Material Merchant Wholesalers

  If you were the buyer here

  Est. deal size

  $2.2M

  Est. down payment (10%)

  $225K

  Est. cash at closing

  $310K

  Monthly payment

  $17,666

  Annual debt service

  $212K

  Cash flow needed (1.25×)

  $265K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by Fifth Third Bank · Lender record →

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