MS Metal Solutions
MS Metal Solutions is located in Grand Haven, MI, and the SBA lists its industry as Industrial Mold Manufacturing. It was approved for an SBA 504 loan ($2,614,000 SBA portion) on January 17, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 17, 2024
- SBA (CDC) portion
- $2,614,000
- Bank portion
- $2,826,810
- Estimated project size
- $6,045,344 (estimated)
- Estimated owner equity
- $604,534 (estimated, about 10% of the project)
- Bank lender
- Mercantile Bank, Grand Rapids, MI
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 10 years (120 months)
- Estimated maturity
- January 17, 2034 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 333511, Industrial Mold 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 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Industrial Mold Manufacturing: $3,843,250.
- 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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