Advanta Industries, Inc.

The Grams Family
Petersburg, Michigan

Advanta is a family-owned and operated company that began in 1997. Advanta designs and manufactures all types of returnable racks and dunnage (shipping container packaging). They manufacture everything from simple janitorial carts and step stools, to complex shipping racks and containers. They also have plastic corrugated and foam fabrication capabilities in house, in addition to power coating and polyurea coatings. They can repair, alter, clean, and paint equipment to any specification. They can design a new rack from either a supplied part or math data. This project involved the purchase of equipment for work that was previously outsourced. With the help of the MCDC SBA 504 Loan Program, Advanta was able to finance the equipment for 10 years.


Total Project Amount: 
$260,000
MCDC Loan Amount: 
$110,000
Lender: 
KeyBank
Job Impact: 
3

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