Progressive Scrap Metals, Inc.
Progressive Scrap Metals, Inc. is located in Fontana, CA, and the SBA lists its industry as Recyclable Material Merchant Wholesalers. It was approved for an SBA 504 loan ($1,712,000 SBA portion) on January 16, 2026 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 |
|---|---|---|---|---|---|---|---|---|
| Jan 16, 2026 | $1,712,000 | $2,080,000 | $4,213,333 (estimated) | First-Citizens Bank & Trust Company | California Statewide Certified Development Corporation | 25 years | 5 | 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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Same industry in California
- Zhongwen Du, South El Monte
- Am.mex Recycling, Los Angeles
- SMS Sparton Metal Services, Inc., Rancho Santa Margarita
- California Scrap of Fontana, Fontana