Yono Investments Management LLC
Yono Investments Management LLC is a drinking places (alcoholic beverages) business in Shelby Township, Michigan. It was financed with an SBA 7(a) loan for a change of ownership of $777,500, approved through Merchants Bank of Indiana on August 21, 2024.
SBA 7(a) loan, change of ownership, approved Aug 21, 2024
$777,500 approvedLender: Merchants Bank of Indiana20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $777,500
- SBA-guaranteed amount
- $583,125 (75% of the approval)
- Lender
- Merchants Bank of Indiana, Carmel, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- August 21, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $7,762 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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