Ironcrest Fabrication Group, LLC
Ironcrest Fabrication Group, LLC, located in Fruitport, Michigan, operates in prefabricated metal building and component manufacturing (NAICS 332311). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million, a 120-month term, and approval dated September 29, 2026 from Horizon Bank.
SBA 7(a) loan, change of ownership, approved Sep 29, 2026
$5,000,000 approvedLender: Horizon Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Horizon Bank, Michigan City, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.14%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $58,416 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 332311, Prefabricated Metal Building and Component Manufacturing
- Project location
- Muskegon 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)
- Average acquisition loan in Prefabricated Metal Building and Component Manufacturing: $2,775,200.
- 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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