River City Flooring, Inc.
River City Flooring, Inc. is a flooring contractor in Hudsonville, Michigan, classified under NAICS 238330 (Flooring Contractors). The company was financed with an SBA 7(a) loan for a change of ownership of $3.1 million, approved on June 22, 2026 by Lake Michigan CU.
SBA 7(a) loan, change of ownership, approved Jun 22, 2026
$3,100,000 approvedLender: Lake Michigan CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,100,000
- SBA-guaranteed amount
- $2,325,000 (75% of the approval)
- Lender
- Lake Michigan CU, Grand Rapids, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $35,595 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 8, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- 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.
Is this your company? Claim or correct this listing. See Corrections.