SBA lending record

SVEC CONSTRUCTION COMPANY

2748 GARFIELD RD N Ste 18, Traverse City, MI 49686 · Site Preparation Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$484K

Total SBA financing

Loans on record

FY2021

On record

Jobs supported

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

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All 3 loans

$158,400 — FY2021

Loan 1 of 3

Gross approval: $158,400
SBA guaranteed: $79,200 (50%)
Status: Paid in full
Rate at approval: 5.3% v
Term: 84 mo (7 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/21/2020
First disbursement: 2/22/2021
Days to fund: 63 days
Paid in full: 6/30/2023
Collateral: None
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Site Preparation Contractors
NAICS code: 238910
Lender: The Huntington National Bank
Address: 2748 GARFIELD RD N Ste 18
City: Traverse City, 49686
County: Grand Traverse
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

$159,700 — FY2021

Loan 2 of 3

Gross approval: $159,700
SBA guaranteed: $79,850 (50%)
Status: Cancelled
Rate at approval: 5.3% v
Term: 84 mo (7 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/21/2020
Collateral: None
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Site Preparation Contractors
NAICS code: 238910
Lender: The Huntington National Bank
Address: 2748 GARFIELD RD N Ste 18
City: Traverse City, 49686
County: Grand Traverse
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

$165,800 — FY2021

Loan 3 of 3

Gross approval: $165,800
SBA guaranteed: $124,350 (75%)
Status: Paid in full
Rate at approval: 5.35% v
Term: 84 mo (7 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/22/2021
First disbursement: 6/25/2021
Days to fund: 3 days
Paid in full: 6/30/2023
Collateral: Required
Jobs supported: 12
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Site Preparation Contractors
NAICS code: 238910
Lender: The Huntington National Bank
Address: 2748 GARFIELD RD N Ste 18
City: Traverse City, 49686
County: Grand Traverse
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 1

The lender

The Huntington National Bank

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

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The banks most active funding site preparation contractors — by location, industry.

SBA lenders in Michigan Lenders for site preparation contractors Site Preparation Contractors lenders in Michigan

Similar businesses

Comparable site preparation contractors in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

HUTCHINSON SEPTIC & EXCAVATING, INC.

Lake City, MI· ~34 mi

Site Preparation Contractors

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

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Jim Wortner Excavating LLC

Peshtigo, WI· ~107 mi

Site Preparation Contractors

$429K
SBA financing: ≈ $841K–$1.4M
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Mammoth Construction, LLC

Manitowoc, WI· ~111 mi

Site Preparation Contractors

$431K
SBA financing: ≈ $845K–$1.4M
Est. revenue (rough)

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Thoreson Excavating LLC

Sobieski, WI· ~125 mi

Site Preparation Contractors

$304K
SBA financing: ≈ $596K–$993K
Est. revenue (rough)

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GROUNDHAWG EXCAVATING & LANDSCAPING LLC

Lowell, MI· ~123 mi

Site Preparation Contractors

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

View record

Total Venture LLC

Swartz Creek, MI· ~149 mi

Site Preparation Contractors

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

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Agent summary

This page summarizes the public SBA 7(a) lending record for SVEC CONSTRUCTION COMPANY in Traverse City, MI (Site Preparation Contractors). 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.

3 SBA 7(a) loans totaling $484K
On record FY2021
12 jobs supported
Industry: Site Preparation Contractors
Location: Traverse City, MI
Lender: The Huntington National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Site Preparation Contractors businesses in MI for ~$161k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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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); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/svec-construction-company-mi
API:: https://www.capbench.com/api/public/businesses/svec-construction-company-mi
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 SVEC CONSTRUCTION COMPANY.