Gantenbein, LLC
Gantenbein, LLC is located in St. Joseph, MI, and the SBA lists its industry as All Other Miscellaneous Fabricated Metal Product Manufacturing. It was approved for an SBA 504 loan ($1,171,000 SBA portion) on September 10, 2024 to finance real estate or equipment.
SBA 504 loan, approved Sep 10, 2024
- SBA (CDC) portion
- $1,171,000
- Bank portion
- $1,287,462
- Estimated project size
- $2,731,624 (estimated)
- Estimated owner equity
- $273,162 (estimated, about 10% of the project)
- Bank lender
- 1st Source Bank, South Bend, IN
- CDC
- Business Development Corporation (BDC)
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 20 years (240 months)
- Estimated maturity
- September 10, 2044 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Berrien County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-6
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 3% of expansion loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,573,206.
- 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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