Campbell Commercial Ventures LLC
Campbell Commercial Ventures LLC is a motorcycle, ATV, and other motor vehicle dealer located in Bloomfield Township, Michigan. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,434,000, approved on December 2, 2023, with Fifth Third Bank as the lending bank and Great Lakes Commercial Finance as the certified development company.
SBA 504 loan, approved Dec 2, 2023
$1,434,000 SBA portionCDC: Great Lakes Commercial Finance20 years termCharged offLoan details
- SBA (CDC) portion
- $1,434,000
- Bank portion
- $1,750,000
- Estimated project size
- $3,537,778 (estimated)
- Estimated owner equity
- $353,778 (estimated, about 10% of the project)
- Bank lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- December 2, 2043 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Charged off
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 16% of expansion loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average expansion loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,545,211.
- 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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