Main Street Registry

Ronnys Convenience Store, Inc.

Sterling Heights, MI · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Ronnys Convenience Store, Inc. is located in Sterling Heights, MI, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 7(a) loan of $1,450,000 for a change of ownership on February 11, 2026.

SBA 7(a) loan, change of ownership, approved Feb 11, 2026

Gross approval
$1,450,000
SBA-guaranteed amount
$1,087,500 (75% of the approval)
Lender
United FCU, Saint Joseph, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
February 11, 2051 (estimated, approval date plus term)
Estimated monthly payment
$11,921 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Macomb 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)

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