SBA lending record
Precise Lapping and Grinding Corp
2041 Janice Ave, Melrose Park, IL 60160 · Other Metal Valve and Pipe Fitting Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.8M
Total SBA financing
1
Loan on record
FY2020
On record
35
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$1,753,000 — FY2020
- Gross approval
- $1,753,000
- SBA guaranteed
- $1,314,750 (75%)
- Status
- Current
- Rate at approval
- 7.5% v
- Term
- 120 mo (10 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 4/6/2020
- First disbursement
- 6/30/2020
- Days to fund
- 85 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Precise Lapping and Grinding Corp in Melrose Park, IL (Other Metal Valve and Pipe Fitting 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 $1.8M
- On record FY2020
- 35 jobs supported
- Industry: Other Metal Valve and Pipe Fitting Manufacturing
- Location: Melrose Park, IL
- Lender: CenTrust Bank, A Division of SmartBiz Bank National Association
- 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:
Is Precise Lapping and Grinding Corp your business?
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 Precise Lapping and Grinding Corp.