Banat. Inc

468 S. Newburgh Road, Westland, MI 48186 · General Freight Trucking, Local (NAICS 484110)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

4

Total Amount

$2.3M

Jobs Supported

30

Years Active

2014–2019

Loan History (4)

Source: SBA FOIA
7(a)$50,000
Cancelled
Approved
Feb 1, 2019 (FY2019)
SBA Guaranteed
$25,000 (50%)
Term
120 months (10.0 yrs)
Interest Rate
8.25%
Revolver
1
Jobs Supported
10
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
General Freight Trucking, Local (NAICS 484110)

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Wayne County, MI

7(a)$1,029,000
Paid in Full
Approved
Feb 1, 2019 (FY2019)
SBA Guaranteed
$771,750 (75%)
Term
300 months (25.0 yrs)
Interest Rate
8.25%
Revolver
0
Jobs Supported
10
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
General Freight Trucking, Local (NAICS 484110)
Paid in Full
Oct 31, 2022

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Wayne County, MI

7(a)$1,075,100
Cancelled
Approved
Feb 11, 2019 (FY2019)
SBA Guaranteed
$806,325 (75%)
Term
300 months (25.0 yrs)
Interest Rate
8.25%
Revolver
0
Jobs Supported
10
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
General Freight Trucking, Local (NAICS 484110)

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Wayne County, MI

7(a)$100,500
Paid in Full
Approved
May 8, 2014 (FY2014)
SBA Guaranteed
$50,250 (50%)
Term
60 months (5.0 yrs)
Interest Rate
6.30%
Revolver
0
Business Type
Corporation
Industry
General Freight Trucking, Local (NAICS 484110)
Paid in Full
May 31, 2019

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
484110 — General Freight Trucking, Local
Address
468 S. Newburgh Road
Westland, MI 48186

Lender

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

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