SBA lending record

Blue lagoon Inc

2820 W Maple Rd, Troy, MI 48084 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$52K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

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

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The loan

$52,000 — FY2021

Gross approval: $52,000
SBA guaranteed: $39,000 (75%)
Status: Charged off (failed)
Rate at approval: 5.75% v
Term: 31 mo (3 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/19/2021
First disbursement: 3/18/2021
Days to fund: 27 days
Charged off: 8/15/2023
Charge-off amount: $70,914
Collateral: None
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: The Huntington National Bank
Address: 2820 W Maple Rd
City: Troy, 48084
County: Oakland
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 11

The lender

The Huntington National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding full-service restaurants — by location, industry.

SBA lenders in Michigan Lenders for full-service restaurants Full-Service Restaurants lenders in Michigan

Similar businesses

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

OTT LLC

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SBA financing: ≈ $139K–$232K
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STEEL HOUSE GKAR LLC

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SBA financing: ≈ $98K–$163K
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MONROE GRILL, INC.

Monroe, MI· ~47 mi

Full-Service Restaurants

$50K
SBA financing: ≈ $98K–$163K
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Greyter Foods LLC

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$50K
SBA financing: ≈ $98K–$163K
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TWO TUCKERS, LLC

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SBA financing: ≈ $137K–$229K
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Agent summary

This page summarizes the public SBA 7(a) lending record for Blue lagoon Inc in Troy, MI (Full-Service Restaurants). 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 $52K
On record FY2021
4 jobs supported
Industry: Full-Service Restaurants
Location: Troy, MI
Lender: The Huntington National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in MI for ~$52k 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/blue-lagoon-inc-mi
API:: https://www.capbench.com/api/public/businesses/blue-lagoon-inc-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 Blue lagoon Inc.