Lender intelligence
Financing a iron and steel mills and ferroalloy manufacturing acquisition in Michigan
The SBA 7(a) lenders funding the most iron and steel mills and ferroalloy manufacturing acquisitions in Michigan, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in iron and steel mills and ferroalloy manufacturing · Michigan
Ranked by funded iron and steel mills and ferroalloy manufacturing acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.116 loans · $120M · Evansville, INFull record →
2+ funded Iron and Steel Mills and Ferroalloy Manufacturing in Michigan deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- VSP Ventures Inc. in Jackson, MI — $4.3M (2024) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.3M (75%)
- Approved
- 11/15/2023
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 60
- Business age
- Change of Ownership
- Industry
- Iron and Steel Mills and Ferroalloy Manufacturing
If you were the buyer here
- Est. deal size
- $4.8M
- Est. down payment (10%)
- $482K
- Est. cash at closing
- $667K
- Monthly payment
- $53,836
- Annual debt service
- $646K
- Cash flow needed (1.25×)
- $808K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
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- VSP Ventures Inc. in Jackson, MI — $300K (2024) · purchase · Old National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.5% variable
- Term
- 24 mo (2 yrs)
- SBA guaranteed
- $150K (50%)
- Approved
- 11/15/2023
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 60
- Business age
- Change of Ownership
- Industry
- Iron and Steel Mills and Ferroalloy Manufacturing
If you were the buyer here
- Est. deal size
- $333K
- Est. down payment (10%)
- $33K
- Est. cash at closing
- $45K
- Monthly payment
- $13,774
- Annual debt service
- $165K
- Cash flow needed (1.25×)
- $207K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
Financing a iron and steel mills and ferroalloy manufacturing deal in Michigan? Start with the right lender
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to iron and steel mills and ferroalloy manufacturing businesses with a Michigan project address.
Agent summary
How to finance a iron and steel mills and ferroalloy manufacturing acquisition in Michigan with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Michigan deals. Old National Bank funds the most here. DealRoom is not a lender.
- $764K typical loan
- 1 lenders active in Michigan
- 2+ funded Michigan deals
Buyers buying a iron and steel mills and ferroalloy manufacturing in Michigan typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources: