SBA lending record
American Grinding & Machine Co.
2000 N Mango Avenue and, Chicago, IL 60639 · Precision Turned Product Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.7M
Total SBA financing
1
Loan on record
FY2022
On record
50
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$1,700,000 — FY2022
- Gross approval
- $1,700,000
- SBA guaranteed
- $1,275,000 (75%)
- Status
- Paid in full
- Rate at approval
- 6% v
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/12/2021
- First disbursement
- 11/30/2021
- Days to fund
- 18 days
- Paid in full
- 9/30/2022
- Collateral
- Required
- Jobs supported
The lender
Grand Ridge National Bank
1 loan to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for American Grinding & Machine Co. in Chicago, IL (Precision Turned Product Manufacturing). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $1.7M
- On record FY2022
- 50 jobs supported
- Industry: Precision Turned Product Manufacturing
- Location: Chicago, IL
- Lender: Grand Ridge National Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
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This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with American Grinding & Machine Co..