Plymouth Brazing
Plymouth Brazing, located in Westland, Michigan, operates in the metal heat treating industry (NAICS 332811). The business financed real estate or equipment through an SBA 504 loan of $1,037,000 with a total project size of $1,270,000, approved on October 14, 2023, through American Business Bank and the Michigan Certified Development Corporation.
SBA 504 loan, approved Oct 14, 2023
$1,037,000 SBA portionCDC: Michigan Certified Development Corporation20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,037,000
- Bank portion
- $1,270,000
- Estimated project size
- $2,563,333 (estimated)
- Estimated owner equity
- $256,333 (estimated, about 10% of the project)
- Bank lender
- American Business Bank, Anaheim, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- October 14, 2043 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 332811, Metal Heat Treating
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Metal Heat Treating: $2,173,500.
- 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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