TPS of Michigan Inc.
TPS of Michigan Inc., located in Beaverton, Michigan, operates in the industrial machinery and equipment merchant wholesalers industry (NAICS 423830). The company was financed with an SBA 7(a) loan for a change of ownership of $1,944,100 from Bankwell Bank, with approval dated September 28, 2026.
SBA 7(a) loan, change of ownership, approved Sep 28, 2026
$1,944,100 approvedLender: Bankwell Bank11 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,944,100
- SBA-guaranteed amount
- $1,458,075 (75% of the approval)
- Lender
- Bankwell Bank, New Canaan, CT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 11 years (132 months)
- Estimated maturity
- September 28, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $24,066 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Gladwin County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,384,497.
- 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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