Summit Granite Stone Design II LLC
Summit Granite Stone Design II LLC is located in Chicago, IL, and the SBA lists its industry as All Other Miscellaneous Manufacturing. It was approved for an SBA 7(a) loan of $1,505,000 for a change of ownership on May 7, 2026.
SBA 7(a) loan, change of ownership, approved May 7, 2026
- Gross approval
- $1,505,000
- SBA-guaranteed amount
- $1,128,750 (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
- 8.15%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 7, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,379 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 339999, All Other Miscellaneous Manufacturing
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 51% of acquisition loans in All Other Miscellaneous Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Manufacturing: $1,844,417.
- Average acquisition loan in Illinois: $1,796,780.
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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