Lot 26 Solutions Co.
Lot 26 Solutions Co. is located in Grand Haven, MI, and the SBA lists its industry as Floor Covering Retailers. It was approved for an SBA 7(a) loan of $1,275,000 for a change of ownership on September 10, 2026.
SBA 7(a) loan, change of ownership, approved Sep 10, 2026
- Gross approval
- $1,275,000
- SBA-guaranteed amount
- $956,250 (75% of the approval)
- Lender
- Lake Michigan CU, Grand Rapids, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 10, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,630 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- 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
- Cash N Carry Flooring, LLC, Traverse City