J&E Real Estate Properties LLC
J&E Real Estate Properties LLC is a business in Portland, Michigan, in the Other Building Material Dealers industry (NAICS 444180). The company was financed with an SBA 7(a) loan for a change of ownership of $585,000, approved on April 1, 2026, through the lender PFCU, and the loan reports 4 jobs.
SBA 7(a) loan, change of ownership, approved Apr 1, 2026
$585,000 approvedLender: Pfcu16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $585,000
- SBA-guaranteed amount
- $438,750 (75% of the approval)
- Lender
- Pfcu, Portland, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.25%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- April 1, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $5,157 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 19, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Ionia 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 8% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- 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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