Main Street Registry

CJSK Howell Lanes Inc.

Howell, MI · Bowling Centers · NAICS 713950

CJSK Howell Lanes Inc. is a bowling center located in Howell, Michigan, classified under the industry Bowling Centers. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,204,000, approved on October 30, 2024 by FDIC - Community Bank & Trust-West Georgia.

SBA 7(a) loan, change of ownership, approved Oct 30, 2024

$1,204,000 approvedLender: FDIC - Community Bank & Trust-West Georgia25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,204,000
SBA-guaranteed amount
$903,000 (75% of the approval)
Lender
FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
October 30, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,729 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
713950, Bowling Centers
Project location
Livingston 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 32% of acquisition loans in Bowling Centers on this site.
  • Average acquisition loan in Bowling Centers: $1,943,000.
  • 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