The owners of C2 Machining, LLC recently used the SBA 504 loan program to purchase new equipment for their expanding machine shop located in Kentwood, Michigan. Both pieces of equipment were large capacity machines making C2 Machining very competitive and giving them a unique advantages in the local West Michigan Tool and Die Manufacturing sector. Additionally, some of the business that they oursourced will now be completed in house at a cost savings. The advantage of long term fixed rate financing provided by the program gave the owners a lower payment than conventional financing with a fixed interest rate for the life of the loan.
C2 Machining, LLC was purchased in 2012 by the current owners out of a distressed situation. Over the last 5 years Management has grown and diversified the revenue stream and structured the company for long term success.
Thank you Old National Bank and Mike Van Wyk for partnering with Bradd Pierce,
enior Loan Officer, and accessing the 504 Loan Program for this equipment purchase!