Church & Beech Redevelopment LLC
Church & Beech Redevelopment LLC is located in Cedar Springs, MI, and the SBA lists its industry as Nursery, Garden Center, and Farm Supply Retailers. It was approved for an SBA 7(a) loan of $627,000 for a change of ownership on May 9, 2025.
SBA 7(a) loan, change of ownership, approved May 9, 2025
- Gross approval
- $627,000
- SBA-guaranteed amount
- $470,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.6%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 9, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $4,674 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Kent County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 28% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- 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
- Artman's Nursery Operating Company LLC, Westland
- Rhino Seed & Landscape Supply, L.L.C., Wayland