Michigan Texmex, Inc.
Michigan Texmex, Inc. is located in Ann Arbor, MI, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $515,000 for a change of ownership on September 28, 2026.
SBA 7(a) loan, change of ownership, approved Sep 28, 2026
- Gross approval
- $515,000
- SBA-guaranteed amount
- $386,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,594 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Moe's Southwest Grill
- Project location
- Washtenaw County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 6% 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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