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MegadealsSubsidy Tracker Individual Entry
Company: Mol-Son, Inc.
Parent Company:
Subsidy Source: state
Location: Michigan
City: Mattawan
Address: 53196 N Main St Mattawan
Zip: 49071
Project Description: Mol-Son is seeking additional working capital availability in order to support new growth. Huntington National Bank is proposing to increase its existing LOC to Mol-Son from $12,000,000 to $20,000,000. Huntington is requesting that the MSF provide $3,000,000 in collateral support for the LOC. In conjunction with the new support, Huntington will agree to repay the two existing participation agreements we have in place for term debt of Mol-Son.
Year: 2015
Value of Loan, Loan Guarantee or Bailout Assistance: $3,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Michigan Supplier Diversification Fund
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: loan or bond financing
Number of Jobs or Training Slots: 25
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.