SBA lending record
Peninsula Powder Coating Inc
128 HEMLOCK ST, Baraga, MI 49908 · Commercial and Industrial Machinery and Equipment (except Au. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$3.3M
Total SBA financing
2
Loans on record
FY2022
On record
98
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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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 2 loans
$2,840,000 — FY2022
Loan 1 of 2- Gross approval
- $2,840,000
- SBA guaranteed
- $2,130,000 (75%)
- Status
- Payments deferred
- Rate at approval
- 4.75% f
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 12/28/2021
- First disbursement
- 12/31/2021
- Days to fund
- 3 days
- Collateral
- Required
- Jobs supported
- 49
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Commercial and Industrial Machinery and Equipment (except Au
- NAICS code
- 811310
- Lender
- Nicolet National Bank
- Address
- 128 HEMLOCK ST
- City
- Baraga, 49908
- County
- Baraga
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
$500,000 — FY2022
Loan 2 of 2- Gross approval
- $500,000
- SBA guaranteed
- $250,000 (50%)
- Status
- Delinquent
- Rate at approval
- 5.25% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/28/2021
- First disbursement
- 12/31/2021
- Days to fund
- 3 days
- Collateral
- Required
- Jobs supported
- 49
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Commercial and Industrial Machinery and Equipment (except Au
- NAICS code
- 811310
- Lender
- Nicolet National Bank
- Address
- 128 HEMLOCK ST
- City
- Baraga, 49908
- County
- Baraga
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
The lender
Nicolet National Bank
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding commercial and industrial machinery and equipment (except au — by location, industry.
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Agent summary
This page summarizes the public SBA 7(a) lending record for Peninsula Powder Coating Inc in Baraga, MI (Commercial and Industrial Machinery and Equipment (except Au). CapBench 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.
- 2 SBA 7(a) loans totaling $3.3M
- On record FY2022
- 98 jobs supported
- Industry: Commercial and Industrial Machinery and Equipment (except Au
- Location: Baraga, MI
- Lender: Nicolet National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Commercial and Industrial Machinery and Equipment (except Au businesses in MI for ~$1.7M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-23.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Peninsula Powder Coating Inc.