Main Street Registry

Waterford Dairy Queen #10254

Waterford Township, MI · Limited-Service Restaurants · NAICS 722513

Waterford Dairy Queen #10254, located in Waterford Township, Michigan, is a limited-service restaurant business in the NAICS 722513 category. It was financed with an SBA 7(a) loan for a change of ownership of $740,000, approved on January 21, 2025, through United FCU.

SBA 7(a) loan, change of ownership, approved Jan 21, 2025

$740,000 approvedLender: United FCU13 years termStatus not reported (SBA exemption)Loan details
Gross approval
$740,000
SBA-guaranteed amount
$555,000 (75% of the approval)
Lender
United FCU, Saint Joseph, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
13 years (156 months)
Estimated maturity
January 21, 2038 (estimated, approval date plus term)
Estimated monthly payment
$8,494 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
DQ Treat
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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