Gilmore Family Properties LLC
Gilmore Family Properties LLC is a roofing contractor located in Temperance, Michigan. The company was financed with an SBA 7(a) loan for a change of ownership, approved in March 2025 in the amount of $795,000 through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 14, 2025
$795,000 approvedLender: The Huntington National Bank18 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $795,000
- SBA-guaranteed amount
- $596,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.6%, fixed
- Term
- 18 years (216 months)
- Estimated maturity
- March 14, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $6,765 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 238160, Roofing Contractors
- Project location
- Monroe County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Roofing Contractors on this site.
- Average acquisition loan in Roofing Contractors: $1,899,751.
- 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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