Main Street Registry

Provincial Hospitality, LLC

Ann Arbor, MI · Full-Service Restaurants · NAICS 722511

Provincial Hospitality, LLC is a full-service restaurant business in Ann Arbor, Michigan, classified under NAICS 722511. The company was financed with an SBA 7(a) loan for a change of ownership totaling $803,600, approved by Chelsea State Bank with a date of June 22, 2026.

SBA 7(a) loan, change of ownership, approved Jun 22, 2026

$803,600 approvedLender: Chelsea State Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$803,600
SBA-guaranteed amount
$602,700 (75% of the approval)
Lender
Chelsea State Bank, Chelsea, MI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
June 22, 2036 (estimated, approval date plus term)
Estimated monthly payment
$9,539 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
56
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Washtenaw County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 36% 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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Same industry in Michigan