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Divided Sky Hospitality, LLC

Traverse City, MI · Full-Service Restaurants · NAICS 722511

Divided Sky Hospitality, LLC is a full-service restaurant business located in Traverse City, Michigan. It was financed with an SBA 7(a) loan for a change of ownership of $1.3 million, approved on January 17, 2025, through TBA CU.

SBA 7(a) loan, change of ownership, approved Jan 17, 2025

$1,300,000 approvedLender: Tba Cu10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,300,000
SBA-guaranteed amount
$975,000 (75% of the approval)
Lender
Tba Cu, Traverse City, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
January 17, 2035 (estimated, approval date plus term)
Estimated monthly payment
$17,000 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
52
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Grand Traverse 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 66% 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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