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Office Design & Furnishings, LLC

East Lansing, MI · All Other Specialty Trade Contractors · NAICS 238990

Office Design & Furnishings, LLC is a business in East Lansing, Michigan, in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,035,300 approved from The Huntington National Bank on October 24, 2024.

SBA 7(a) loan, change of ownership, approved Oct 24, 2024

$1,035,300 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,035,300
SBA-guaranteed amount
$776,475 (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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
October 24, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,539 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Ingham 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 34% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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