D&m Neme LLC
D&m Neme LLC is a business in Ann Arbor, Michigan, in the used merchandise retailers industry (NAICS 459510). The company was financed with an SBA 7(a) loan for a change of ownership totaling $577,100, approved on June 5, 2026, through Old National Bank.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
$577,100 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $577,100
- SBA-guaranteed amount
- $432,825 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.65%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,896 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 23, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 459510, Used Merchandise Retailers
- Project location
- Washtenaw County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in Used Merchandise Retailers on this site.
- Average acquisition loan in Used Merchandise Retailers: $1,216,780.
- 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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