Shibib Numan Building, LLC
Shibib Numan Building, LLC, located in Oak Park, Michigan, operates in the meat retail industry (NAICS 445240). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,434,000, approved on March 18, 2024, through Oxford Bank and Great Lakes Commercial Finance as the certified development company.
SBA 504 loan, approved Mar 18, 2024
$1,434,000 SBA portionCDC: Great Lakes Commercial Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,434,000
- Bank portion
- $1,400,000
- Estimated project size
- $3,148,889 (estimated)
- Estimated owner equity
- $314,889 (estimated, about 10% of the project)
- Bank lender
- Oxford Bank, Oxford, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 18, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Meat Retailers: $1,772,714.
- Average expansion loan in Michigan: $2,050,489.
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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