Miller Melton LLC
Miller Melton LLC is located in Jenison, MI, and the SBA lists its industry as Automotive Body, Paint, and Interior Repair and Maintenance. It was approved for an SBA 7(a) loan of $1,025,000 for a change of ownership on June 28, 2025.
SBA 7(a) loan, change of ownership, approved Jun 28, 2025
- Gross approval
- $1,025,000
- SBA-guaranteed amount
- $768,750 (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
- 6.99%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- June 28, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $8,601 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
- 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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Same industry in Michigan
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