SBA lending record
Universal Induction, Inc.
352 W Britain Ave, Benton Harbor, MI 49022 · Metal Heat Treating. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$755K
Total SBA financing
3
Loans on record
FY2021–24
On record
44
Jobs supported
Is Universal Induction, Inc. 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.
All 3 loans
$550,000 — FY2024
Loan 1 of 3- Gross approval
- $550,000
- SBA guaranteed
- $412,500 (75%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 128 mo (11 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/16/2023
- First disbursement
- 1/8/2024
- Days to fund
- 23 days
- Collateral
- Required
- Jobs supported
- 19
The lender
Horizon Bank
3 loans to this business- Total assets
- $6540.3B
- Deposits
- $5498.3B
- Loans outstanding
- $4837.1B
- Net income
- $29.0B
- Return on assets
- 1.791603437524461%
- Return on equity
- 15%
- Total equity
- $778.2B
- Offices
- 79
- Founded
- 04/2
- Headquarters
- 515 Franklin St, Michigan City, IN, 46360
- FDIC cert
- 4360
- Website
- www.horizonbank.com
Is Universal Induction, Inc. 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.
Researching a business like this one?
The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.
Free · No documents · Usually same-day
DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Universal Induction, Inc..