Great Lakes Air Ventures LLC
Great Lakes Air Ventures LLC is a business in Mason, Michigan, classified under the industry All Other Personal Services (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership of $1,333,500, approved by Eaton Community Bank on August 26, 2024.
SBA 7(a) loan, change of ownership, approved Aug 26, 2024
$1,333,500 approvedLender: Eaton Community Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,333,500
- SBA-guaranteed amount
- $1,000,125 (75% of the approval)
- Lender
- Eaton Community Bank, Charlotte, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,179 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Ingham County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- 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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