Burton Industries Inc.

7875 Division Dr, Mentor, OH 44060 · Machine Shops (NAICS 332710)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

7

Total Amount

$4.8M

Jobs Supported

32

Years Active

2000–2023

Loan History (7)

Source: SBA FOIA
7(a)$2,536,000
Exempt
Approved
Jul 31, 2023 (FY2023)
SBA Guaranteed
$1,902,000 (75%)
Term
300 months (25.0 yrs)
Interest Rate
10.75%
Revolver
0
Jobs Supported
32
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Machine Shops (NAICS 332710)

Lender

Velocitysba, Llc

6363 N. State Hwy161, Irving, TX 75038

Project Location

Lake County, OH

7(a)$80,000
Cancelled
Approved
Jan 30, 2018 (FY2018)
SBA Guaranteed
$40,000 (50%)
Term
66 months (5.5 yrs)
Interest Rate
7.00%
Revolver
0
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Precision Turned Product Manufacturing (NAICS 332721)

Lender

Cnb Bank

31 S Second St, Clearfield, PA 16830

Project Location

Lake County, OH

7(a)$140,000
Paid in Full
Approved
Jan 30, 2018 (FY2018)
SBA Guaranteed
$70,000 (50%)
Term
42 months (3.5 yrs)
Interest Rate
7.00%
Revolver
0
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Precision Turned Product Manufacturing (NAICS 332721)
Paid in Full
Aug 31, 2021

Lender

Cnb Bank

31 S Second St, Clearfield, PA 16830

Project Location

Lake County, OH

7(a)$511,500
Paid in Full
Approved
Mar 26, 2014 (FY2014)
SBA Guaranteed
$383,625 (75%)
Term
120 months (10.0 yrs)
Interest Rate
6.00%
Revolver
0
Business Type
Corporation
Industry
Other Industrial Machinery Manufacturing (NAICS 333249)
Paid in Full
Dec 31, 2016

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Lake County, OH

7(a)$260,000
Paid in Full
Approved
Oct 6, 2011 (FY2012)
SBA Guaranteed
$195,000 (75%)
Term
120 months (10.0 yrs)
Interest Rate
5.99%
Revolver
0
Business Type
Corporation
Industry
All Other Industrial Machinery Manufacturing (NAICS 333298)
Paid in Full
Dec 31, 2016

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Lake County, OH

7(a)$250,000
Paid in Full
Approved
May 26, 2011 (FY2011)
SBA Guaranteed
$125,000 (50%)
Term
84 months (7.0 yrs)
Interest Rate
5.96%
Revolver
1
Business Type
Corporation
Industry
All Other Industrial Machinery Manufacturing (NAICS 333298)
Paid in Full
Dec 31, 2016

Lender

The Huntington National Bank

17 S High St., Columbus, OH 43215

Project Location

Lake County, OH

7(a)$1,000,000
Paid in Full
Approved
Dec 21, 1999 (FY2000)
SBA Guaranteed
$600,000 (60%)
Term
180 months (15.0 yrs)
Revolver
0
Business Type
Corporation
Paid in Full
Dec 31, 2007

Lender

Northeast Bank

35 Canal St, Ste 500, Lewiston, ME 4240

Project Location

Lake County, OH

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
332710 — Machine Shops
Address
7875 Division Dr
Mentor, OH 44060

Lenders

Velocitysba, Llc
6363 N. State Hwy161, Irving, TX 75038
Cnb Bank
31 S Second St, Clearfield, PA 16830
The Huntington National Bank
17 S High St., Columbus, OH 43215
Northeast Bank
35 Canal St, Ste 500, Lewiston, ME 4240

Other SBA Borrowers in Mentor

Mmn Llc$4.5M in SBA loansIai Hospitality Llc$3.8M in SBA loans7200 Center Street Llc$3.8M in SBA loansApollo American Inc.$3.7M in SBA loansInnovative Sport Surfacing Llc$2.8M in SBA loans
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