JADCO Manufacturing, Inc.
JADCO Manufacturing, Inc., located in Harmony, Pennsylvania, operates in iron and steel pipe and tube manufacturing from purchased steel (NAICS 331210). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2.79 million, approved on December 8, 2023, through First National Bank of Pennsylvania with Empire State Certified Development Corporation.
SBA 504 loan, approved Dec 8, 2023
$2,790,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,790,000
- Bank portion
- $3,345,000
- Estimated project size
- $6,816,667 (estimated)
- Estimated owner equity
- $681,667 (estimated, about 10% of the project)
- Bank lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 8, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 331210, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- Project location
- Butler County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-16
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: $3,086,375.
- Average expansion loan in Pennsylvania: $2,212,724.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.