Mainstreet Acquisition Inc
Mainstreet Acquisition Inc is located in Birmingham, MI, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $3,272,000 for a change of ownership on May 30, 2025.
SBA 7(a) loan, change of ownership, approved May 30, 2025
- Gross approval
- $3,272,000
- SBA-guaranteed amount
- $2,454,000 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $42,339 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- 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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