Principal Manufacturing Corp.
Principal Manufacturing Corp. is located in Broadview, IL, and the SBA lists its industry as Iron and Steel Forging. It was approved for an SBA 504 loan ($1,160,000 SBA portion) on March 21, 2025 to finance real estate or equipment.
SBA 504 loan, approved Mar 21, 2025
- SBA (CDC) portion
- $1,160,000
- Bank portion
- $1,416,500
- Estimated project size
- $2,862,778 (estimated)
- Estimated owner equity
- $286,278 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2035 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 332111, Iron and Steel Forging
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Iron and Steel Forging: $2,205,800.
- Average expansion loan in Illinois: $2,310,827.
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.
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