Industry · lender intelligence
Financing a iron and steel forging acquisition
The SBA 7(a) lenders funding the most iron and steel forging acquisitions, ranked from public loan records — typical deal about $1.1M. A lender doing your industry every week underwrites faster and prices sharper.
Most active in iron and steel forging
Ranked by funded iron and steel forging acquisitions. Tap a lender to open its full record, or hit Get in touch for an introduction.
- 1.103 loans · $64M · Indiana, PAFull record →
- 2.25 loans · $38M · Oklahoma City, OKFull record →
- 3.19 loans · $3M · Springfield, ILFull record →
- 4.284 loans · $254M · Cincinnati, OHFull record →
- 5.1 loans · $1M · Lincoln, NEFull record →
8+ funded iron and steel forging deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Atchley Steel Company, INC in Salem, AL — $5.0M (2023) · purchase · Pinnacle Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.25% variable
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $3.8M (75%)
- Approval → funding
- 19 days
- Approved
- 9/15/2023
- First disbursed
- 10/4/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $5.6M
- Est. down payment (10%)
- $556K
- Est. cash at closing
- $769K
- Monthly payment
- $45,643
- Annual debt service
- $548K
- Cash flow needed (1.25×)
- $685K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Pinnacle Bank · Lender record →
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- Mint Forge Inc in Lake Orion, MI — $1.4M (2022) · purchase · Fifth Third Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 106 days
- Approved
- 12/15/2021
- First disbursed
- 3/31/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $160K
- Est. cash at closing
- $219K
- Monthly payment
- $14,559
- Annual debt service
- $175K
- Cash flow needed (1.25×)
- $218K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Fifth Third Bank · Lender record →
Your business? Claim this record · Request removal
- DAI Grinding, LLC in Cleveland, OH — $1.3M (2022) · purchase · First Commonwealth Bank
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 6.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (90%)
- Approval → funding
- 5 days
- Approved
- 5/6/2022
- First disbursed
- 5/11/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 26
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $1.4M
- Est. down payment (10%)
- $141K
- Est. cash at closing
- $194K
- Monthly payment
- $14,290
- Annual debt service
- $171K
- Cash flow needed (1.25×)
- $214K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First Commonwealth Bank · Lender record →
Your business? Claim this record · Request removal
- Perfect Choice Manufacturers Inc. in Placentia, CA — $2.6M (2021) · purchase · Community Bank & Trust-West Georgia
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 77 months
- SBA guaranteed
- $2.3M (90%)
- Approval → funding
- 56 days
- Approved
- 9/10/2021
- First disbursed
- 11/5/2021
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 37
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $2.9M
- Est. down payment (10%)
- $289K
- Est. cash at closing
- $399K
- Monthly payment
- $40,766
- Annual debt service
- $489K
- Cash flow needed (1.25×)
- $611K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Community Bank & Trust-West Georgia
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- BBY Designs, Inc. in Kansas City, MO — $900K (2021) · purchase · Wells Fargo Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 4.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $675K (75%)
- Approval → funding
- 39 days
- Approved
- 10/22/2020
- First disbursed
- 11/30/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $1.0M
- Est. down payment (10%)
- $100K
- Est. cash at closing
- $137K
- Monthly payment
- $9,327
- Annual debt service
- $112K
- Cash flow needed (1.25×)
- $140K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
- Tinsley Steel and Fabrication Inc in Edwardsville, IL — $2.4M (2020) · purchase · Bank of Springfield
- Program
- 7a General
- Rate at approval
- 6% fixed
- Term
- 126 months
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 38 days
- Approved
- 3/23/2020
- First disbursed
- 4/30/2020
- Loan status
- Paid in full (12/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $2.6M
- Est. down payment (10%)
- $263K
- Est. cash at closing
- $363K
- Monthly payment
- $25,387
- Annual debt service
- $305K
- Cash flow needed (1.25×)
- $381K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Bank of Springfield · Lender record →
Your business? Claim this record · Request removal
- Next Level Steel, LLC in Mesa, AZ — $2.2M (2020) · purchase · MidFirst Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 18 days
- Approved
- 8/13/2020
- First disbursed
- 8/31/2020
- Loan status
- Paid in full (11/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 24
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $2.4M
- Est. down payment (10%)
- $240K
- Est. cash at closing
- $331K
- Monthly payment
- $22,386
- Annual debt service
- $269K
- Cash flow needed (1.25×)
- $336K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by MidFirst Bank · Lender record →
Your business? Claim this record · Request removal
- DAI Industries, LLC in Brockway, PA — $2.1M (2020) · purchase · First Commonwealth Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 10 days
- Approved
- 9/14/2020
- First disbursed
- 9/24/2020
- Loan status
- Paid in full (3/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Iron and Steel Forging
If you were the buyer here
- Est. deal size
- $2.3M
- Est. down payment (10%)
- $229K
- Est. cash at closing
- $315K
- Monthly payment
- $22,837
- Annual debt service
- $274K
- Cash flow needed (1.25×)
- $343K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First Commonwealth Bank · Lender record →
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to iron and steel forging businesses. Mega-bank call-center lenders excluded.
Agent summary
How to finance a iron and steel forging acquisition with an SBA 7(a) loan: the lenders that fund the most of them (from public records), typical cost, and what it takes to qualify. First Commonwealth Bank funds the most. DealRoom is not a lender.
- $1.1M typical loan
- 7 lenders fund the industry
- 38 days typical to fund
Buyers researching a iron and steel forging deal typically pre-qualify, then ask DealRoom to introduce a lender that funds the industry — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.