SBA lending record

PROGRESS MANUFACTURING COMPANY, LLC

1274 S. State Rd. 32, Union City, IN 47390 · Construction Machinery Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$6.1M

Total SBA financing

Loans on record

FY2023–24

On record

102

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$3,100,000 — FY2024

Loan 1 of 2

Gross approval: $3,100,000
SBA guaranteed: $2,325,000 (75%)
Status: In liquidation
Rate at approval: 11.5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/22/2024
First disbursement: 7/19/2024
Days to fund: 58 days
Collateral: Required
Jobs supported

The lender

Newtek Bank, National Association

2 loans to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for PROGRESS MANUFACTURING COMPANY, LLC in Union City, IN (Construction Machinery 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.

2 SBA 7(a) loans totaling $6.1M
On record FY2023–24
102 jobs supported
Industry: Construction Machinery Manufacturing
Location: Union City, IN
Lender: Newtek Bank, National Association

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