SBA lending record

Penn Station

16648 19 MILE RD, Clinton Township, MI 48038 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.1M

Total SBA financing

Loans on record

FY2023–25

On record

Jobs supported

Franchise brand

Penn Station East Coast Subs

See Penn Station East Coast Subs's SBA financing data — typical deal, failure rate, and how its loans perform →

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

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All 2 loans

$573,000 — FY2025

Loan 1 of 2

Gross approval: $573,000
SBA guaranteed: $429,750 (75%)
Status: Current
Rate at approval: 10.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 7/25/2025
First disbursement: 8/11/2025
Days to fund: 17 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 12
Business type: Corporation
Business age: Change of Ownership
Industry: Limited-Service Restaurants
NAICS code: 722513
Franchise: Penn Station East Coast Subs
Franchise code: S2231
Lender: United FCU
Address: 17676 West 13 MILE RD
City: Beverly Hills, 48025
County: Oakland
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 9

$515,000 — FY2023

Loan 2 of 2

Gross approval: $515,000
SBA guaranteed: $386,250 (75%)
Status: Current
Rate at approval: 11% v
Term: 126 mo (11 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/1/2023
First disbursement: 9/25/2023
Days to fund: 24 days
Collateral: Required
Jobs supported: 40
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Limited-Service Restaurants
NAICS code: 722513
Franchise: Penn Station East Coast Subs
Franchise code: S2231
Lender: Pathward National Association
Address: 16648 19 MILE RD
City: Clinton Township, 48038
County: Macomb
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 9

The lenders

Pathward National Association

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

United FCU

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 limited-service restaurants — by location, industry, and brand.

SBA lenders in Michigan Lenders for limited-service restaurants Limited-Service Restaurants lenders in Michigan Penn Station East Coast Subs lenders Penn Station East Coast Subs lenders in Michigan

Other Penn Station East Coast Subs locations

Other Penn Station East Coast Subs businesses in the public SBA record — closest first, by location and deal size.

GRATIOT PS LLC

Clinton Township, MI· ~5 mi

Penn Station East Coast Subs

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

View record

Rochester PS LLC

Rochester, MI· ~10 mi

Penn Station East Coast Subs

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

View record

BEVERLY HILLS PS LLC

Beverly Hills, MI· ~15 mi

Penn Station East Coast Subs

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

View record

PSMI Group, LLC

Westland, MI· ~29 mi

Penn Station East Coast Subs

$80K
SBA financing: ≈ $157K–$261K
Est. revenue (rough)

View record

HB3 Group LLC

Dayton, OH· ~218 mi

Penn Station East Coast Subs

$2.8M
SBA financing: ≈ $5.4M–$9.1M
Est. revenue (rough)

View record

DBT Acquisitions, Inc.

Toledo, OH· ~69 mi

Penn Station East Coast Subs

$200K
SBA financing: ≈ $392K–$654K
Est. revenue (rough)

View record

Similar businesses

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

Red Skys LLC

Clinton Township, MI· ~1 mi

The Simple Greek

$1.2M
SBA financing: ≈ $2.4M–$4.1M
Est. revenue (rough)

View record

Lake Life Partners Van Dyke LLC

Sterling Heights, MI· ~4 mi

Scooter's Coffee

$1.3M
SBA financing: ≈ $2.5M–$4.1M
Est. revenue (rough)

View record

Hall Road Playa LLC

Shelby Township, MI· ~2 mi

Playa Bowls

$520K
SBA financing: ≈ $1.0M–$1.7M
Est. revenue (rough)

View record

DAIRY QUEEN GRILL AND CHILL OF STERLING HEIGHTS

Sterling Heights, MI· ~6 mi

Limited-Service Restaurants

$1.5M
SBA financing: ≈ $2.9M–$4.8M
Est. revenue (rough)

View record

Shree Hari Investments LLC

Roseville, MI· ~7 mi

DQ Grill & Chill Operating Agreement (American Dairy Queen)

$1.3M
SBA financing: ≈ $2.5M–$4.2M
Est. revenue (rough)

View record

Captain D's of Clinton Twp

Clinton Township, MI· ~4 mi

Captain D's

$1.5M
SBA financing: ≈ $2.9M–$4.8M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Penn Station in Clinton Township, MI (Limited-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.

2 SBA 7(a) loans totaling $1.1M
On record FY2023–25
52 jobs supported
Industry: Limited-Service Restaurants
Location: Clinton Township, MI
Lenders: Pathward National Association, United FCU

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Limited-Service Restaurants businesses in MI for ~$544k 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/penn-station-mi
API:: https://www.capbench.com/api/public/businesses/penn-station-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 Penn Station.