The Shoreline Center, LLC
The Shoreline Center, LLC is located in Grand Haven, Michigan, and operates in the offices of physicians (except mental health specialists) industry. The company was financed with an SBA 7(a) loan for a change of ownership of $612,100, approved on March 4, 2026, through ChoiceOne Bank.
SBA 7(a) loan, change of ownership, approved Mar 4, 2026
$612,100 approvedLender: ChoiceOne Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $612,100
- SBA-guaranteed amount
- $459,075 (75% of the approval)
- Lender
- ChoiceOne Bank, Sparta, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 4, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,508 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
- 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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