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Elemco Tool LTD — SBA Loan Record (Clinton Twp, MI) | DealRoom

Intelligence/Iron and Steel Mills and Ferroalloy Manufacturing/MI

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SBA lending record

Elemco Tool LTD

35630 Groesbeck Highway, Clinton Twp, MI 48035 · Iron and Steel Mills and Ferroalloy Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$40K

Total SBA financing

1

Loan on record

FY2022

On record

—

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is Elemco Tool LTD your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$40,000 — FY2022

Gross approval: $40,000
SBA guaranteed: $20,000 (50%)
Status: Current
Rate at approval: 5.5% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/22/2022
First disbursement: 5/5/2022
Days to fund: 13 days
Collateral: None
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Iron and Steel Mills and Ferroalloy Manufacturing
NAICS code: 331110
Lender: The Huntington National Bank
Address: 35630 Groesbeck Highway
City: Clinton Twp, 48035
County: Macomb
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 9

The lender

The Huntington National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding iron and steel mills and ferroalloy manufacturing — by location, industry.

SBA lenders in Michigan Lenders for iron and steel mills and ferroalloy manufacturing Iron and Steel Mills and Ferroalloy Manufacturing lenders in Michigan

Similar businesses

Comparable iron and steel mills and ferroalloy manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

APEX POWDER COATING LLC

Taylor, MI· ~30 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$11K
SBA financing: ≈ $22K–$36K
Est. revenue (rough)

YAGERBOMB CUSTOMS LLC

Homerville, OH· ~115 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$20K
SBA financing: ≈ $39K–$65K
Est. revenue (rough)

Viktor's Legacy Custom Gunsmithing, LLC

Fairport, OH· ~102 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$75K
SBA financing: ≈ $147K–$245K
Est. revenue (rough)

New Age Design & Tool, Inc.

Lagrange, OH· ~99 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

VSP Ventures Inc.

Jackson, MI· ~78 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$4.6M
SBA financing: ≈ $9.1M–$15M
Est. revenue (rough)

A-K-Y Development, Ltd.

Lagrange, OH· ~99 mi

Iron and Steel Mills and Ferroalloy Manufacturing

$479K
SBA financing: ≈ $939K–$1.6M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Elemco Tool LTD in Clinton Twp, MI (Iron and Steel Mills and Ferroalloy Manufacturing). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $40K
On record FY2022
Industry: Iron and Steel Mills and Ferroalloy Manufacturing
Location: Clinton Twp, MI
Lender: The Huntington National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Iron and Steel Mills and Ferroalloy Manufacturing businesses in MI for ~$40k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/elemco-tool-ltd-mi
API:: https://dealroom.so/api/public/businesses/elemco-tool-ltd-mi
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is Elemco Tool LTD your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Elemco Tool LTD.