James D. Adamo, M.D., P.C.
James D. Adamo, M.D., P.C. is an office of physicians in the mental health specialist field, located in Roseville, Michigan. The business was financed with an SBA 7(a) loan for a change of ownership totaling $607,600, approved on May 15, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 15, 2025
$607,600 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $607,600
- SBA-guaranteed amount
- $455,700 (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
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,029 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 621112, Offices of Physicians, Mental Health Specialists
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Physicians, Mental Health Specialists: $2,271,457.
- 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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