Main Street Registry

Sarah Elswick, MD, PLLC

Troy, MI · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Sarah Elswick, MD, PLLC is located in Troy, MI, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 7(a) loan of $3,015,000 for a change of ownership on November 22, 2024.

SBA 7(a) loan, change of ownership, approved Nov 22, 2024

Gross approval
$3,015,000
SBA-guaranteed amount
$2,261,250 (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
7.5%, fixed
Term
26 years (312 months)
Estimated maturity
November 22, 2050 (estimated, approval date plus term)
Estimated monthly payment
$21,992 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Macomb County, MI
SBA district office
Michigan District Office
Congressional district
MI-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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