Main Street Registry

Turk-Lake Restaurant & Bar

Greenville, MI · Full-Service Restaurants · NAICS 722511

Turk-Lake Restaurant & Bar, located in Greenville, Michigan, operates in the full-service restaurants industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,577,000, approved on June 24, 2025, through First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Jun 24, 2025

$1,577,000 approvedLender: First Internet Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,577,000
SBA-guaranteed amount
$1,182,750 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
June 24, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,053 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Montcalm County, MI
SBA district office
Michigan District Office
Congressional district
MI-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 75% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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