Ranger Law, PLLC
Ranger Law, PLLC is a law office in Grand Rapids, Michigan, in the offices of lawyers industry (NAICS 541110). The business was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved on May 28, 2025 by Independent Bank, and the loan reports 12 jobs.
SBA 7(a) loan, change of ownership, approved May 28, 2025
$2,316,200 approvedLender: Independent Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,316,200
- SBA-guaranteed amount
- $1,737,150 (75% of the approval)
- Lender
- Independent Bank, Grand Rapids, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $30,930 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 541110, Offices of Lawyers
- Project location
- Kent County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Offices of Lawyers on this site.
- Average acquisition loan in Offices of Lawyers: $1,606,779.
- 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
- Nathan & Kamionski LLP, Royal Oak
- Rogue Properties, LLC, Grand Rapids