SBA lending record

Adam Vargo, LLC

2605 Charlevoix Rd, Petoskey, MI 49770 · Sporting Goods Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$547K

Total SBA financing

Loan on record

FY2025

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$546,700 — FY2025

Gross approval: $546,700
SBA guaranteed: $410,025 (75%)
Status: Current
Rate at approval: 9% v
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/31/2025
First disbursement: 2/28/2025
Days to fund: 28 days
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Sporting Goods Retailers
NAICS code: 459110
Lender: Citizens National Bank of Cheboygan
Address: 2605 Charlevoix Rd
City: Petoskey, 49770
County: Emmet
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

The lender

Citizens National Bank of Cheboygan

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding sporting goods retailers — by location, industry.

SBA lenders in Michigan Lenders for sporting goods retailers Sporting Goods Retailers lenders in Michigan

Similar businesses

Comparable sporting goods retailers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Up North Sport, LLC

Petoskey, MI· ~6 mi

Sporting Goods Retailers

$2.0M
SBA financing: ≈ $4.0M–$6.7M
Est. revenue (rough)

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LUX MUNDI SPORTS LLC

Traverse City, MI· ~51 mi

Play It Again Sports

$650K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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Thurston Outdoors LLC

Saint Charles, MI· ~147 mi

Sporting Goods Retailers

$602K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

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HOWIE'S TACKLE & ARCHERY LLC

Sturgeon Bay, WI· ~123 mi

Sporting Goods Retailers

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

View record

Paddles & Pedals LLC

Bellaire, MI· ~28 mi

Sporting Goods Retailers

$50K
SBA financing: ≈ $98K–$163K
Est. revenue (rough)

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KRAUSE HOLDING LLC

St Louis Park, MN· ~408 mi

Sporting Goods Retailers

$642K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Adam Vargo, LLC in Petoskey, MI (Sporting Goods Retailers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $547K
On record FY2025
2 jobs supported
Industry: Sporting Goods Retailers
Location: Petoskey, MI
Lender: Citizens National Bank of Cheboygan

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Sporting Goods Retailers businesses in MI for ~$547k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/adam-vargo-llc-mi
API:: https://www.capbench.com/api/public/businesses/adam-vargo-llc-mi
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Adam Vargo, LLC.