Advanced Lighting & Sound Inc.
Advanced Lighting & Sound Inc. is located in Troy, MI, and operates in the All Other Professional, Scientific, and Technical Services industry (NAICS 541990). The business was financed with an SBA 7(a) loan for a change of ownership, with two loans approved by The Huntington National Bank on August 22, 2025, totaling $4,298,000 in loan amounts.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$3,798,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,798,000
- SBA-guaranteed amount
- $2,848,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $50,718 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Michigan: $1,645,728.
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.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$500,000 approvedLender: The Huntington National Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,677 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Michigan: $1,645,728.
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
- Acorn Industries, Inc., Livonia