Floridyne-MI LLC
Floridyne-MI LLC is located in Mason, MI, and the SBA lists its industry as All Other Plastics Product Manufacturing. It was approved for an SBA 7(a) loan of $1,125,000 for a change of ownership on September 17, 2026.
SBA 7(a) loan, change of ownership, approved Sep 17, 2026
- Gross approval
- $1,125,000
- SBA-guaranteed amount
- $1,012,500 (90% of the approval)
- Lender
- PromiseOne Bank, Duluth, GA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 17, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $8,870 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 326199, All Other Plastics Product Manufacturing
- Project location
- Ingham County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in All Other Plastics Product Manufacturing on this site.
- Average acquisition loan in All Other Plastics Product Manufacturing: $2,387,535.
- 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
- Belmont Engineered Plastics, LLC, Belmont
- MMI Engineered Solutions, Inc., Bloomfield Hills
- Ironwood 13960 LLC, Grand Rapids