Premier Hydraulic Services, LLC
Premier Hydraulic Services, LLC is located in Brownstown Twp, MI, and the SBA lists its industry as Electronic and Precision Equipment Repair and Maintenance. It was approved for an SBA 7(a) loan of $3,347,000 for a change of ownership on March 8, 2025.
SBA 7(a) loan, change of ownership, approved Mar 8, 2025
- Gross approval
- $3,347,000
- SBA-guaranteed amount
- $2,510,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- March 8, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $35,993 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811210, Electronic and Precision Equipment Repair and Maintenance
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% of acquisition loans in Electronic and Precision Equipment Repair and Maintenance on this site.
- Average acquisition loan in Electronic and Precision Equipment Repair and Maintenance: $2,128,331.
- 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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