Main Street Registry

Mantei Ventures, Inc.

Northport, MI · Full-Service Restaurants · NAICS 722511

Mantei Ventures, Inc. is a full-service restaurant business in Northport, Michigan. It was financed with an SBA 7(a) loan for a change of ownership totaling $1.25 million, approved through North State Bank with a date of September 29, 2026.

SBA 7(a) loan, change of ownership, approved Sep 29, 2026

$1,250,000 approvedLender: North State Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
North State Bank, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
September 29, 2051 (estimated, approval date plus term)
Estimated monthly payment
$10,490 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
24
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Leelanau County, MI
SBA district office
Michigan District Office
Congressional district
MI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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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