31780 Telegraph, LLC
31780 Telegraph, LLC is located in Bingham Farms, MI, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 504 loan ($2,238,000 SBA portion) on July 10, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jul 10, 2024
- SBA (CDC) portion
- $2,238,000
- Bank portion
- $2,725,000
- Estimated project size
- $5,514,444 (estimated)
- Estimated owner equity
- $551,444 (estimated, about 10% of the project)
- Bank lender
- Community Choice CU, Farmington Hills, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 10, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 65% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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
- Alger Pediatrics, P.C., Grand Rapids
- The Shoreline Center, LLC, Grand Haven
- Inpatient Care Specialists PLLC, Dearborn
- Orandi Allergy & Asthma Center, PLLC, Wyoming
- Sarah Elswick, MD, PLLC, Troy
- 29829 Telegraph Bldg LLC, Southfield