Alloy Welding
Alloy Welding is located in Melrose Park, IL, and the SBA lists its industry as Machine Shops. It was approved for an SBA 504 loan ($1,247,000 SBA portion) on December 14, 2023 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Dec 14, 2023 | $1,247,000 | $1,522,500 | $3,077,222 (estimated) | Signature Bank | SomerCor 504, Inc. | 25 years | 13 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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