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Fenton Hotel T&G LLC

Fenton, MI · Full-Service Restaurants · NAICS 722511

Fenton Hotel T&G LLC, located in Fenton, Michigan, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership of $1,843,300, made by ChoiceOne Bank, with approval dated June 4, 2026.

SBA 7(a) loan, change of ownership, approved Jun 4, 2026

$1,843,300 approvedLender: ChoiceOne Bank22 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,843,300
SBA-guaranteed amount
$1,382,475 (75% of the approval)
Lender
ChoiceOne Bank, Sparta, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
22 years (264 months)
Estimated maturity
June 4, 2048 (estimated, approval date plus term)
Estimated monthly payment
$14,567 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 21, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Genesee County, MI
SBA district office
Michigan District Office
Congressional district
MI-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% 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