Vc - Millworks Holdings LLC
Vc - Millworks Holdings LLC, located in Warren, Michigan, operates in the Other Building Finishing Contractors industry (NAICS 238390). The business was financed with SBA 7(a) loans for a change of ownership, totaling $2,455,000 across two loans approved by Old National Bank on July 10, 2026 and July 13, 2026, with 33 jobs reported.
SBA 7(a) loan, change of ownership, approved Jul 13, 2026
$500,000 approvedLender: Old National Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 13, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,001 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- 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.
SBA 7(a) loan, change of ownership, approved Jul 10, 2026
$1,955,000 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,955,000
- SBA-guaranteed amount
- $1,466,250 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.95%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- July 10, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,024 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- 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.
Is this your company? Claim or correct this listing. See Corrections.