Plasteel Corporation
26970 Princeton St, Inkster, MI 48141 · Urethane and Other Foam Product Manufacturing (NAICS 326150)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
3
Total Amount
$1.0M
Jobs Supported
47
Years Active
2016–2020
Loan History (3)
Source: SBA FOIA7(a)$350,000
Exempt
- Approved
- Dec 11, 2019 (FY2020)
- SBA Guaranteed
- $262,500 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 7.50%
- Revolver
- 0
- Jobs Supported
- 5
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Urethane and Other Foam Product Manufacturing (NAICS 326150)
Lender
Bayfirst National Bank
700 Central Avenue, Saint Petersburg, FL 33701
Project Location
Wayne County, MI
7(a)$520,000
Cancelled
- Approved
- Mar 10, 2016 (FY2016)
- SBA Guaranteed
- $390,000 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 4.75%
- Revolver
- 0
- Jobs Supported
- 21
- Business Type
- Corporation
- Industry
- All Other Plastics Product Manufacturing (NAICS 326199)
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Wayne County, MI
7(a)$150,000
Exempt
- Approved
- Jan 4, 2016 (FY2016)
- SBA Guaranteed
- $75,000 (50%)
- Term
- 168 months (14.0 yrs)
- Interest Rate
- 5.50%
- Revolver
- 0
- Jobs Supported
- 21
- Business Type
- Corporation
- Industry
- All Other Plastics Product Manufacturing (NAICS 326199)
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Wayne County, MI
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 326150 — Urethane and Other Foam Product Manufacturing
- Address
- 26970 Princeton St
Inkster, MI 48141
Lenders
- Bayfirst National Bank
- 700 Central Avenue, Saint Petersburg, FL 33701
- The Huntington National Bank
- 17 S High St., Columbus, OH 43215