BAK Investment LLC
BAK Investment LLC is a drycleaning and laundry services business (except coin-operated) located in Grosse Pointe Park, Michigan. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,021,500 from DFCU Financial, approved on November 14, 2025.
SBA 7(a) loan, change of ownership, approved Nov 14, 2025
$1,021,500 approvedLender: DFCU Financial10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,021,500
- SBA-guaranteed amount
- $766,125 (75% of the approval)
- Lender
- DFCU Financial, Dearborn, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,218 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Drycleaning and Laundry Services (except Coin-Operated) on this site.
- Average acquisition loan in Drycleaning and Laundry Services (except Coin-Operated): $1,281,569.
- 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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