Ironwood 13960 LLC
Ironwood 13960 LLC is a business in Grand Rapids, Michigan, in the All Other Plastics Product Manufacturing industry (NAICS 326199). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $5.5 million, approved on February 2, 2024, with ChoiceOne Bank as the lender and the Michigan Certified Development Corporation as the certified development company.
SBA 504 loan, approved Feb 2, 2024
$5,500,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $6,520,000
- Estimated project size
- $13,355,556 (estimated)
- Estimated owner equity
- $1,335,556 (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 2, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 326199, All Other Plastics Product Manufacturing
- Project location
- Ottawa 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%
- Larger than 87% of expansion loans in All Other Plastics Product Manufacturing on this site.
- Average expansion loan in All Other Plastics Product Manufacturing: $3,072,957.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Michigan
- Belmont Engineered Plastics, LLC, Belmont
- Floridyne-MI LLC, Mason
- MMI Engineered Solutions, Inc., Bloomfield Hills