SBA lending record

MFGX LLC

52830 TUSCANY GRV, Shelby Township, MI 48315 · Data Processing, Hosting, and Related Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$6.2M

Total SBA financing

Loans on record

FY2021–23

On record

142

Jobs supported

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

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All 4 loans

$2,407,500 — FY2023

Loan 1 of 4

Gross approval: $2,407,500
SBA guaranteed: $1,805,625 (75%)
Status: Current
Rate at approval: 6.5% f
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/25/2022
First disbursement: 11/1/2022
Days to fund: 7 days
Collateral: Required
Jobs supported: 21
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Computing Infrastructure Providers, Data Processing, Web Hos
NAICS code: 518210
Lender: ChoiceOne Bank
Address: 715 E SOUTH BLVD
City: Rochester Hills, 48307
County: Oakland
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 8

$500,000 — FY2021

Loan 2 of 4

Gross approval: $500,000
SBA guaranteed: $250,000 (50%)
Status: Cancelled
Rate at approval: 4.5% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/29/2021
Collateral: Required
Jobs supported: 45
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Data Processing, Hosting, and Related Services
NAICS code: 518210
Lender: ChoiceOne Bank
Address: 52830 TUSCANY GRV
City: Shelby Township, 48315
County: Macomb
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 10

$2,250,000 — FY2021

Loan 3 of 4

Gross approval: $2,250,000
SBA guaranteed: $2,025,000 (90%)
Status: Cancelled
Rate at approval: 4.5% f
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/29/2021
Collateral: Required
Jobs supported: 45
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Data Processing, Hosting, and Related Services
NAICS code: 518210
Lender: ChoiceOne Bank
Address: 52830 TUSCANY GRV
City: Shelby Township, 48315
County: Macomb
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 10

$1,000,000 — FY2021

Loan 4 of 4

Gross approval: $1,000,000
SBA guaranteed: $900,000 (90%)
Status: Current
Rate at approval: 5% v
Term: 59 mo (5 yr)
Program: Standard Asset Base Working Capital Line
Subprogram: Standard Asset Based
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/17/2021
First disbursement: 9/30/2021
Days to fund: 44 days
Collateral: Required
Jobs supported: 31
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Data Processing, Hosting, and Related Services
NAICS code: 518210
Lender: ChoiceOne Bank
Address: 5105 Orchard Ridge CT
City: Rochester, 48306
County: Oakland
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 8

The lender

ChoiceOne Bank

4 loans to this businessFull SBA lending record + branches on the lender page →

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