Progress Machining Inc.
1155 Judson Road, Norton Shores, MI 49456 · Machine Shops (NAICS 332710)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$1.5M
Jobs Supported
13
Years Active
2021–2022
Loan History (2)
Source: SBA FOIA7(a)$150,000
Paid in Full
- Approved
- Dec 2, 2021 (FY2022)
- SBA Guaranteed
- $75,000 (50%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 5.25%
- Revolver
- 1
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Machine Shops (NAICS 332710)
- Paid in Full
- Aug 31, 2024
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Ottawa County, MI
7(a)$1,310,000
Paid in Full
- Approved
- Sep 30, 2021 (FY2021)
- SBA Guaranteed
- $982,500 (75%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 6.00%
- Revolver
- 0
- Jobs Supported
- 13
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Machine Shops (NAICS 332710)
- Paid in Full
- Aug 31, 2024
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Ottawa County, MI
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 332710 — Machine Shops
- Address
- 1155 Judson Road
Norton Shores, MI 49456
Lender
- The Huntington National Bank
- 17 S High St., Columbus, OH 43215