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Crumbl Mi Rochester Hills

Rochester Hills, MI · Limited-Service Restaurants · NAICS 722513

Crumbl Mi Rochester Hills is a limited-service restaurant business in Rochester Hills, Michigan, classified under NAICS 722513. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3.6 million approved by Live Oak Banking Company on December 6, 2024.

SBA 7(a) loan, change of ownership, approved Dec 6, 2024

$3,600,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,600,000
SBA-guaranteed amount
$2,700,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
10 years (120 months)
Estimated maturity
December 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$43,678 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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