Orion Outdoors LLC
Orion Outdoors LLC, located in Iron Mountain, Michigan, operates in the sporting and recreational goods and supplies merchant wholesalers industry (NAICS 423910). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans approved by First National Bank & Trust Co on November 20, 2025 ($900,000) and November 24, 2025 ($2,473,300).
SBA 7(a) loan, change of ownership, approved Nov 24, 2025
$2,473,300 approvedLender: First National Bank & Trust Co150 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,473,300
- SBA-guaranteed amount
- $1,854,975 (75% of the approval)
- Lender
- First National Bank & Trust Co, Iron Mountain, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, fixed
- Term
- 12 years, 6 months (150 months)
- Estimated maturity
- May 24, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $25,456 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- Dickinson County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Sporting and Recreational Goods and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $1,420,040.
- 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.
SBA 7(a) loan, change of ownership, approved Nov 20, 2025
$900,000 approvedLender: First National Bank & Trust Co5 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- First National Bank & Trust Co, Iron Mountain, MI
- Processing method
- 7(a) WCP
- Initial interest rate
- 7.25%, variable
- Term
- 5 years (60 months)
- Estimated maturity
- November 20, 2030 (estimated, approval date plus term)
- Estimated monthly payment
- $17,927 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- Dickinson County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Larger than 47% of acquisition loans in Sporting and Recreational Goods and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $1,420,040.
- 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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