Fomcore Llc

1770 East Keating Avenue, Muskegon, MI 49442

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

5

Total Amount

$3.6M

Jobs Supported

299

Years Active

2021–2023

Loan History (5)

Source: SBA FOIA
7(a)$661,000
Paid in Full
Approved
Apr 28, 2023 (FY2023)
SBA Guaranteed
$495,750 (75%)
Term
120 months (10.0 yrs)
Interest Rate
9.75%
Revolver
0
Jobs Supported
30
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Paid in Full
Feb 29, 2024

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Muskegon County, MI

7(a)$349,000
Paid in Full
Approved
Jun 2, 2022 (FY2022)
SBA Guaranteed
$261,750 (75%)
Term
120 months (10.0 yrs)
Interest Rate
6.25%
Revolver
0
Jobs Supported
149
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Reupholstery and Furniture Repair (NAICS 811420)
Paid in Full
Feb 29, 2024

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Muskegon County, MI

7(a)$1,070,000
Paid in Full
Approved
Mar 16, 2021 (FY2021)
SBA Guaranteed
$963,000 (90%)
Term
120 months (10.0 yrs)
Interest Rate
5.25%
Revolver
0
Jobs Supported
40
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Furniture Stores (NAICS 442110)
Paid in Full
Feb 29, 2024

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Muskegon County, MI

7(a)$1,000,000
Paid in Full
Approved
Mar 16, 2021 (FY2021)
SBA Guaranteed
$900,000 (90%)
Term
120 months (10.0 yrs)
Interest Rate
4.75%
Revolver
1
Jobs Supported
40
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Furniture Stores (NAICS 442110)
Paid in Full
Feb 29, 2024

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Muskegon County, MI

7(a)$480,500
Paid in Full
Approved
Mar 16, 2021 (FY2021)
SBA Guaranteed
$432,450 (90%)
Term
120 months (10.0 yrs)
Interest Rate
5.25%
Revolver
0
Jobs Supported
40
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Furniture Stores (NAICS 442110)
Paid in Full
Dec 31, 2022

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Muskegon County, MI

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
449110
Address
1770 East Keating Avenue
Muskegon, MI 49442

Lender

The Huntington National Bank
17 S High St., Columbus, OH 43215

Other SBA Borrowers in Muskegon

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