Valley City Sign Company
Valley City Sign Company, located in Comstock Park, Michigan, is in the sign manufacturing industry (NAICS 339950). The company was financed with an SBA 7(a) loan for a change of ownership of $2.1 million, approved on September 10, 2024, by Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Sep 10, 2024
$2,145,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,145,000
- SBA-guaranteed amount
- $1,608,750 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $26,025 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Project location
- Kent County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- 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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Same industry in Michigan
- Wolcott Main LLC, Southfield
- Clearpoint Holdings LLC, Rockford