Ashton Marine Corporation
Ashton Marine Corporation is a deep sea freight transportation business in Muskegon, Michigan, classified under NAICS 483111. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,277,000, approved on February 8, 2026, through ChoiceOne Bank and the Michigan Certified Development Corporation, with 5 jobs reported.
SBA 504 loan, approved Feb 8, 2026
$1,277,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,277,000
- Bank portion
- $1,550,000
- Estimated project size
- $3,141,111 (estimated)
- Estimated owner equity
- $314,111 (estimated, about 10% of the project)
- Bank lender
- ChoiceOne Bank, Sparta, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 8, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 483111, Deep Sea Freight Transportation
- Project location
- Muskegon County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Deep Sea Freight Transportation: $1,277,000.
- Average expansion loan in Michigan: $2,050,489.
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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