Strong Sales Incorporated
Strong Sales Incorporated is located in Muskegon, MI, and the SBA lists its industry as Industrial Supplies Merchant Wholesalers. It was approved for an SBA 7(a) loan of $782,700 for a change of ownership on May 1, 2025.
SBA 7(a) loan, change of ownership, approved May 1, 2025
- Gross approval
- $782,700
- SBA-guaranteed amount
- $587,025 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.6%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 1, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $5,835 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Muskegon 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 16% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- 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
- Hand Sales LLC, Sterling Heights
- Tps of Mi LLC, Beaverton