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American Sewer and Drain Inc.

Burton, MI · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

American Sewer and Drain Inc. is a plumbing, heating, and air-conditioning contractor located in Burton, Michigan. It was financed with an SBA 7(a) loan for a change of ownership of $830,500, approved through Oxford Bank with an approval date of July 28, 2026.

SBA 7(a) loan, change of ownership, approved Jul 28, 2026

$830,500 approvedLender: Oxford Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$830,500
SBA-guaranteed amount
$622,875 (75% of the approval)
Lender
Oxford Bank, Oxford, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
July 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$10,520 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Genesee County, MI
SBA district office
Michigan District Office
Congressional district
MI-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% of acquisition loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
  • 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