JAS Fortune 500 Properties LLC
JAS Fortune 500 Properties LLC is a business in Clinton Township, Michigan, classified under NAICS 332919 for other metal valve and pipe fitting manufacturing. The company financed real estate or equipment through an SBA 504 loan of $1,792,000 approved on January 4, 2024, with Flagstar Bank, N.A. as the lending bank and the Michigan Certified Development Corporation as the certified development company.
SBA 504 loan, approved Jan 4, 2024
$1,792,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,792,000
- Bank portion
- $2,500,000
- Estimated project size
- $4,768,889 (estimated)
- Estimated owner equity
- $476,889 (estimated, about 10% of the project)
- Bank lender
- Flagstar Bank, N.A, Troy, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 332919, Other Metal Valve and Pipe Fitting Manufacturing
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-9
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Other Metal Valve and Pipe Fitting Manufacturing: $2,102,250.
- 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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