Morton Industries LLC
Morton Industries LLC is located in Morton, IL, and the SBA lists its industry as Iron and Steel Pipe and Tube Manufacturing from Purchased Steel. It was approved for an SBA 504 loan ($3,354,000 SBA portion) on December 9, 2025 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 9, 2025 | $3,354,000 | $4,100,000 | $8,282,222 (estimated) | Morton Community Bank | SomerCor 504, Inc. | 25 years | 120 | Approved, not yet funded |
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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