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Van Haren Partners, LLC

Cedar Springs, MI · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Van Haren Partners, LLC is a plumbing, heating, and air-conditioning contractor in Cedar Springs, Michigan. The company financed real estate or equipment through an SBA 504 loan of $1,262,000, with First Community Bank as the bank lender and Great Lakes Commercial Finance as the certified development company, approved on November 2, 2023.

SBA 504 loan, approved Nov 2, 2023

$1,262,000 SBA portionCDC: Great Lakes Commercial Finance20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,262,000
Bank portion
$1,539,126
Estimated project size
$3,112,362 (estimated)
Estimated owner equity
$311,236 (estimated, about 10% of the project)
Bank lender
First Community Bank, Harbor Springs, MI
CDC
Great Lakes Commercial Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
November 2, 2043 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Kent County, MI
SBA district office
Michigan District Office
Congressional district
MI-3
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 22% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
  • 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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Same industry in Michigan