Laros Equipment LLC
Laros Equipment LLC is located in Portage, MI, and the SBA lists its industry as Conveyor and Conveying Equipment Manufacturing. It was approved for an SBA 7(a) loan of $2,075,000 for a change of ownership on June 5, 2026.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
- Gross approval
- $2,075,000
- SBA-guaranteed amount
- $1,556,250 (75% of the approval)
- Lender
- Lake Michigan CU, Grand Rapids, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $23,826 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 333922, Conveyor and Conveying Equipment Manufacturing
- Project location
- Kalamazoo County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Conveyor and Conveying Equipment Manufacturing: $2,022,250.
- Average acquisition loan in Michigan: $1,645,728.
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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