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Glemby Enterprises, LLC

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

Glemby Enterprises, LLC is located in Holland, MI, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $1,750,400 for a change of ownership on July 14, 2025.

SBA 7(a) loan, change of ownership, approved Jul 14, 2025

Gross approval
$1,750,400
SBA-guaranteed amount
$1,312,800 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.25%, fixed
Term
13 years, 9 months (165 months)
Estimated maturity
April 14, 2039 (estimated, approval date plus term)
Estimated monthly payment
$16,790 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Ottawa 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)

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