ALSaray Wholesale, LLC
ALSaray Wholesale, LLC is a general line grocery merchant wholesaler located in Birmingham, Michigan, classified under NAICS code 424410. The company financed real estate or equipment through an SBA 504 loan of $1,565,000, approved on January 22, 2025, with First Merchants Bank as the bank partner and Great Lakes Commercial Finance as the certified development company.
SBA 504 loan, approved Jan 22, 2025
$1,565,000 SBA portionCDC: Great Lakes Commercial Finance20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,565,000
- Bank portion
- $2,175,000
- Estimated project size
- $4,155,556 (estimated)
- Estimated owner equity
- $415,556 (estimated, about 10% of the project)
- Bank lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- January 22, 2045 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 424410, General Line Grocery Merchant Wholesalers
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 30% of expansion loans in General Line Grocery Merchant Wholesalers on this site.
- Average expansion loan in General Line Grocery Merchant Wholesalers: $2,655,652.
- Average expansion loan in Michigan: $2,050,489.
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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