Project: Puritan Magnetics, Oxford MI | www.PuritanMagnetics.com
 USE OF FUNDS- SBA 504 Loan Program
- Fixed assets
- Building improvements, construction, renovation, acquisition and related soft costs
- Land acquisition and improvements
- Machinery and equipment
- Refinancing Join Our Mailing List to get Monthly Rate Updates | LOAN AMOUNT
$250,000 to $13 million+
| TERMS
10, 20 and 25 years
| RATE
Fixed at closing
BORROWER EQUITY
10%
|
 USE OF FUNDS
Equipment, machinery, inventory, minor leasehold | LOAN AMOUNT
Up to $50,000
| TERMS
Up to 6 years
| RATE
Fixed at closing
|
 USE OF FUNDS
Non-profit and manufacturing entities fixed assets financing | LOAN AMOUNT
$2 million to $10 million
| TERMS
Varies by project.
| RATE
Varies
|
Bronx Deli
Total Project: $519,418 |
Bank: JP Morgan Chase Bank |
Jobs Created/Retained: 9
Detroit Skating Club
Bond Issued: $4,125,000
Ultimate Soccer Arenas
Total Project: $8,209,407 |
Bank: Lake Trust Credit Union |
Jobs Created/Retained: 29
Fettes Manufacturing
Total Project: $1,500,000 |
Bank: The Huntington Bank |
Jobs Created/Retained: 47
Zanetti Cosmetic and General Dentistry
Total Project: $595,000 |
Bank: Level One Bank |
Jobs Created/Retained: 29
Puritan Magnetics
Total Project: $1,026,495 |
Bank: Clarkston State Bank |
Jobs Created/Retained: 20
Quantum Industrial Supply, Inc.
Total Project: $1,526,000 |
Bank: Fifth Third Bank |
Jobs Created/Retained: 6
