TK Design & Associates Inc.
TK Design & Associates Inc. is located in Novi, MI, and the SBA lists its industry as Architectural Services. It was approved for an SBA 7(a) loan of $2,500,000 for a change of ownership on August 20, 2025.
SBA 7(a) loan, change of ownership, approved Aug 20, 2025
- Gross approval
- $2,500,000
- SBA-guaranteed amount
- $1,875,000 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $29,675 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 541310, Architectural Services
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Architectural Services on this site.
- Average acquisition loan in Architectural Services: $1,777,457.
- 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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