Growers Mineral, Corp.
Growers Mineral, Corp. is a fertilizer mixing-only manufacturer located in Milan, Ohio, classified under NAICS 325314. The company has an approved SBA 504 loan of $2.25 million, with the SBA portion shown at that amount, arranged through KeyBank National Association and Northwest Ohio Development Assistance Corporation, with an approval date of June 10, 2026 and the loan is recorded as not funded.
SBA 504 loan, approved Jun 10, 2026
$2,250,000 SBA portionCDC: Northwest Ohio Development Assistance Corporation20 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,250,000
- Bank portion
- $2,210,000
- Estimated project size
- $4,955,556 (estimated)
- Estimated owner equity
- $495,556 (estimated, about 10% of the project)
- Bank lender
- KeyBank National Association, Cleveland, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 20 years (240 months)
- Estimated maturity
- June 10, 2046 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 325314, Fertilizer (Mixing Only) Manufacturing
- Project location
- Erie County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-4
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Average expansion loan in Fertilizer (Mixing Only) Manufacturing: $2,250,000.
- Average expansion loan in Ohio: $2,096,556.
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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