The Dirt Investments, LLC
The Dirt Investments, LLC is a drinking place (alcoholic beverages) business located in Glen Arbor, Michigan, under NAICS code 722410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $708,400, approved on March 26, 2025, through State Savings Bank. The loan reports 65 jobs.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$708,400 approvedLender: State Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $708,400
- SBA-guaranteed amount
- $531,300 (75% of the approval)
- Lender
- State Savings Bank, Frankfort, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,409 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 65
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Leelanau County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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