Steven Poulias LLC
Steven Poulias LLC, located in Muskegon, Michigan, operates in the florists industry (NAICS 459310). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $599,800 from The Huntington National Bank, approved on May 21, 2025.
SBA 7(a) loan, change of ownership, approved May 21, 2025
$599,800 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $599,800
- SBA-guaranteed amount
- $449,850 (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
- 7.6%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- May 21, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $4,472 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Muskegon 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 Florists on this site.
- Average acquisition loan in Florists: $901,731.
- 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
- The Flower Project LLC, Birmingham