Main Street Registry

Rent A Bounce IM Inc

Sylvan Lake, MI · All Other Consumer Goods Rental · NAICS 532289

Rent A Bounce IM Inc is located in Sylvan Lake, Michigan, and operates in the All Other Consumer Goods Rental industry (NAICS 532289). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,097,900, approved by Fifth Third Bank on November 5, 2024.

SBA 7(a) loan, change of ownership, approved Nov 5, 2024

$1,097,900 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,097,900
SBA-guaranteed amount
$823,425 (75% of the approval)
Lender
Fifth Third Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
10 years (120 months)
Estimated maturity
November 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,321 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
532289, All Other Consumer Goods Rental
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 41% of acquisition loans in All Other Consumer Goods Rental on this site.
  • Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
  • 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