Alger Pediatrics, P.C.
Alger Pediatrics, P.C. is located in Grand Rapids, MI, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 504 loan ($1,653,000 SBA portion) on June 11, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jun 11, 2026
- SBA (CDC) portion
- $1,653,000
- Bank portion
- $2,000,000
- Estimated project size
- $4,058,889 (estimated)
- Estimated owner equity
- $405,889 (estimated, about 10% of the project)
- Bank lender
- West Michigan Community Bank, Hudsonville, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Kent County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 43% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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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