Main Street Registry

M&R Coffee, LLC

Midland, MI · Limited-Service Restaurants · NAICS 722513

M&R Coffee, LLC, located in Midland, MI, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership of $998,100, approved by Horizon Bank on January 10, 2025, and is a Biggby Coffee franchise.

SBA 7(a) loan, change of ownership, approved Jan 10, 2025

$998,100 approvedLender: Horizon Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$998,100
SBA-guaranteed amount
$748,575 (75% of the approval)
Lender
Horizon Bank, Michigan City, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
January 10, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,375 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Biggby Coffee
Project location
Midland County, MI
SBA district office
Michigan District Office
Congressional district
MI-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 50% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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