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Versatile Fabrication

Versatile Fabrication

Dan and Joe Balakovitz
Manistee, Michigan

This project involved the purchase of new laser-cutting manufacturing equipment and used steel fabrication equipment for two sister companies, Versatile Fabrication and Metal-Line Corporation. Versatile Fabrication is located in rural Muskegon Heights, while Metal-Line Corporation is located in rural Manistee. Brothers, Dan and Joe Balaskovitz, purchased Metal-Line and Versatile from their parents. For over 30 years, Versatile Fabrication has provided Muskegon and the surrounding areas with custom sheet metal fabrication for the automotive, office furniture, and other general industries. Even though they started with sheet metal fabrication, they have made advancements into laser cutting. They have been one of western Michigna's fastest growing laser cutting companies. With the help of MCDC and the SBA 504 Loan Program, Versatile and Metal-Line were able to finance their equipment for 10 years with only 10% down.


Total Project Amount: 
$1,469,700
Date of Loan(s): 
7/2008
MCDC Loan Amount: 
$603,000
Lender: 
Talmer Bank and Trust
Job Impact: 
51

Financing Provided & Structured Through: Michigan Certified Development and US Small Business Administration

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