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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: 50
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Precision Turned Product Manufacturing
NAICS code: 332721
Lender: Grand Ridge National Bank
Address: 2000 N Mango Avenue and
City: Chicago, 60639
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 4

The lender

Grand Ridge National Bank

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding precision turned product manufacturing — by location, industry.

SBA lenders in Illinois Lenders for precision turned product manufacturing Precision Turned Product Manufacturing lenders in Illinois

Similar businesses

Comparable precision turned product manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

ROCKBOUND MANUFACTURING INC.

Franklin Park, IL· ~6 mi

Precision Turned Product Manufacturing

$4.0M
SBA financing: ≈ $7.7M–$13M
Est. revenue (rough)

HOMMER TOOL & MFG., INC.

Arlington Heights, IL· ~19 mi

Precision Turned Product Manufacturing

$1.4M
SBA financing: ≈ $2.7M–$4.6M
Est. revenue (rough)

Precision Waterjet & Laser LLC

Crystal Lake, IL· ~34 mi

Precision Turned Product Manufacturing

$3.8M
SBA financing: ≈ $7.4M–$12M
Est. revenue (rough)

Hydraulic Service & Manufacturing, LLC

Menomonee Falls, WI· ~88 mi

Precision Turned Product Manufacturing

$1.3M
SBA financing: ≈ $2.5M–$4.2M
Est. revenue (rough)

Anpec Holdings LLC

Pecatonica, IL· ~86 mi

Precision Turned Product Manufacturing

$1.5M
SBA financing: ≈ $2.9M–$4.9M
Est. revenue (rough)

Echelbarger Machining Company LLC

Kokomo, IN· ~133 mi

Precision Turned Product Manufacturing

$1.5M
SBA financing: ≈ $2.9M–$4.9M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for American Grinding & Machine Co. in Chicago, IL (Precision Turned Product Manufacturing). CapBench 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

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Precision Turned Product Manufacturing businesses in IL for ~$1.7M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/american-grinding-machine-co-il
API:: https://www.capbench.com/api/public/businesses/american-grinding-machine-co-il
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench 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..

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