Superior Home Services Inc.
Superior Home Services Inc. is an appliance repair and maintenance business located in Hartland, Michigan. The company was financed with an SBA 7(a) loan for a change of ownership of $3.275 million, approved on March 23, 2026, through First Merchants Bank.
SBA 7(a) loan, change of ownership, approved Mar 23, 2026
$3,275,000 approvedLender: First Merchants Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,275,000
- SBA-guaranteed amount
- $2,456,250 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $38,875 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 811412, Appliance Repair and Maintenance
- Project location
- Livingston County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Appliance Repair and Maintenance on this site.
- Average acquisition loan in Appliance Repair and Maintenance: $1,164,473.
- 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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