Service Steel Framing, Inc.
Service Steel Framing, Inc. is a business in Auburn, Indiana, in the iron and steel pipe and tube manufacturing from purchased steel industry. The company financed real estate or equipment through an SBA 504 loan with a $5.5 million SBA portion, approved on April 17, 2025, through Community State Bank and the Community Development Corporation of Fort Wayne.
SBA 504 loan, approved Apr 17, 2025
$5,500,000 SBA portionCDC: Community Development Corporation of Fort Wayne25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $9,039,505
- Estimated project size
- $16,155,006 (estimated)
- Estimated owner equity
- $1,615,501 (estimated, about 10% of the project)
- Bank lender
- Community State Bank, Avilla, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 17, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 331210, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- Project location
- De Kalb County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-3
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Average expansion loan in Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: $3,086,375.
- Average expansion loan in Indiana: $2,227,963.
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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