Special K Holdings, LLC
Special K Holdings, LLC is a gasoline station with convenience store business in Port Huron, Michigan, classified under NAICS 457110. The company financed real estate or equipment through an SBA 504 loan of $1,025,000, approved on March 20, 2025, with Community Choice CU as the partner lender and Great Lakes Commercial Finance as the certified development company.
SBA 504 loan, approved Mar 20, 2025
$1,025,000 SBA portionCDC: Great Lakes Commercial Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,025,000
- Bank portion
- $1,420,000
- Estimated project size
- $2,716,667 (estimated)
- Estimated owner equity
- $271,667 (estimated, about 10% of the project)
- Bank lender
- Community Choice CU, Farmington Hills, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 20, 2050 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Saint Clair County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-10
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 2% of expansion loans in Gasoline Stations with Convenience Stores on this site.
- Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
- 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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