Jackson Tumble Finish Corporation
Jackson Tumble Finish Corporation is located in Jackson, MI, and the SBA lists its industry as Support Activities for Metal Mining. It was approved for an SBA 7(a) loan of $4,509,300 for a change of ownership on May 23, 2025.
SBA 7(a) loan, change of ownership, approved May 23, 2025
- Gross approval
- $4,509,300
- SBA-guaranteed amount
- $3,381,975 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 13 years (156 months)
- Estimated maturity
- May 23, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $48,492 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 110
- Business type
- Corporation
- NAICS
- 213114, Support Activities for Metal Mining
- Project location
- Jackson County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Support Activities for Metal Mining: $2,125,433.
- 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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