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Global Gems, LLC — SBA Loan Record (Ferndale, MI) | DealRoom

Intelligence/Jewelry, Watch, Precious Stone, and Precious Metal Merchant /MI

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SBA lending record

Global Gems, LLC

22637 Woodward Ave, Ferndale, MI 48220 · Jewelry, Watch, Precious Stone, and Precious Metal Merchant . The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.4M

Total SBA financing

1

Loan on record

FY2024

On record

5

Jobs supported

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

Is Global Gems, LLC 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

$1,385,000 — FY2024

Gross approval: $1,385,000
SBA guaranteed: $1,038,750 (75%)
Status: Current
Rate at approval: 11% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 2/14/2024
First disbursement: 3/5/2024
Days to fund: 20 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 5
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Jewelry, Watch, Precious Stone, and Precious Metal Merchant
NAICS code: 423940
Lender: Byline Bank
Address: 22637 Woodward Ave
City: Ferndale, 48220
County: Oakland
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 9

The lender

Byline 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 jewelry, watch, precious stone, and precious metal merchant — by location, industry.

SBA lenders in Michigan Lenders for jewelry, watch, precious stone, and precious metal merchant Jewelry, Watch, Precious Stone, and Precious Metal Merchant lenders in Michigan

Similar businesses

Comparable jewelry, watch, precious stone, and precious metal merchant in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Coge LLC

Troy, MI· ~6 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$1.0M
SBA financing: ≈ $2.0M–$3.3M
Est. revenue (rough)

Wynn Sun Enterprises, Inc

Southfield, MI· ~6 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$400K
SBA financing: ≈ $784K–$1.3M
Est. revenue (rough)

DETROIT WATCH BUYERS, INC.

West Bloomfield, MI· ~13 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$450K
SBA financing: ≈ $882K–$1.5M
Est. revenue (rough)

Mastercraft Jewelers, LLC

Livonia, MI· ~15 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$200K
SBA financing: ≈ $392K–$654K
Est. revenue (rough)

Timeless Timepieces LLC

W Bloomfield, MI· ~12 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$50K
SBA financing: ≈ $98K–$163K
Est. revenue (rough)

JLK Jewels Inc

Cleveland, OH· ~107 mi

Jewelry, Watch, Precious Stone, and Precious Metal Merchant

$1.3M
SBA financing: ≈ $2.5M–$4.2M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Global Gems, LLC in Ferndale, MI (Jewelry, Watch, Precious Stone, and Precious Metal Merchant ). 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 $1.4M
On record FY2024
5 jobs supported
Industry: Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Location: Ferndale, MI
Lender: Byline Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Jewelry, Watch, Precious Stone, and Precious Metal Merchant businesses in MI for ~$1.4M 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 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/global-gems-llc-mi
API:: https://dealroom.so/api/public/businesses/global-gems-llc-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 Global Gems, LLC 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 Global Gems, LLC.