Main Street Registry

PGP Hospitality, LLC

Grosse Pointe, MI · Limited-Service Restaurants · NAICS 722513

PGP Hospitality, LLC, located in Grosse Pointe, Michigan, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,551,000, approved on December 10, 2025, by Community Choice CU.

SBA 7(a) loan, change of ownership, approved Dec 10, 2025

$1,551,000 approvedLender: Community Choice CU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,551,000
SBA-guaranteed amount
$1,163,250 (75% of the approval)
Lender
Community Choice CU, Farmington Hills, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
December 10, 2050 (estimated, approval date plus term)
Estimated monthly payment
$12,751 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% 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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Same industry in Michigan