Main Street Registry

Belleville Bait Shop Bar and Grill

Belleville, MI · Full-Service Restaurants · NAICS 722511

Belleville Bait Shop Bar and Grill is a full-service restaurant in Belleville, Michigan, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $690,000 from United FCU, with approval dated April 3, 2026.

SBA 7(a) loan, change of ownership, approved Apr 3, 2026

$690,000 approvedLender: United FCU10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$690,000
SBA-guaranteed amount
$517,500 (75% of the approval)
Lender
United FCU, Saint Joseph, 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
April 3, 2036 (estimated, approval date plus term)
Estimated monthly payment
$8,928 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 3, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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