Somat Engineering, Inc.
Somat Engineering, Inc. is located in Detroit, MI, and the SBA lists its industry as Engineering Services. It was approved for an SBA 7(a) loan of $2,520,000 for a change of ownership on April 30, 2024.
- Business type
- Corporation
- Business age reported
- Change of Ownership
SBA 7(a) loans, change of ownership
| Approved | Gross approval | SBA-guaranteed | Lender | Term | Rate | Jobs supported | Status |
|---|---|---|---|---|---|---|---|
| Apr 30, 2024 | $2,520,000 | $1,890,000 | Fifth Third Bank | 10 years | 9.5% variable | 114 | Status not reported (SBA exemption) |
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