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SBA lending record

Cast Corporation

11364 Highway 37, Hibbing, MN 55746 · All Other Miscellaneous Fabricated Metal Product Manufacturi. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$2.0M

Total SBA financing

1

Loan on record

FY2020

On record

50

Jobs supported

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

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The loan

$2,000,000 — FY2020

Gross approval: $2,000,000
SBA guaranteed: $1,500,000 (75%)
Status: Paid in full
Rate at approval: 4.55% f
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/9/2020
First disbursement: 9/30/2020
Days to fund: 21 days
Paid in full: 12/31/2021
Collateral: Required
Jobs supported: 50
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
NAICS code: 332999
Lender: Security State Bank of Hibbing
Address: 11364 Highway 37
City: Hibbing, 55746
County: Saint Louis
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 8

The lender

Security State Bank of Hibbing

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding all other miscellaneous fabricated metal product manufacturi — by location, industry.

SBA lenders in Minnesota Lenders for all other miscellaneous fabricated metal product manufacturi All Other Miscellaneous Fabricated Metal Product Manufacturi lenders in Minnesota

Similar businesses

Comparable all other miscellaneous fabricated metal product manufacturi in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Aurelius Mfg. Co.

Braham, MN· ~117 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$2.5M
SBA financing: ≈ $5.0M–$8.3M
Est. revenue (rough)

RED RIVER FABRICATING, INC.

West Fargo, ND· ~192 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$2.1M
SBA financing: ≈ $4.2M–$7.0M
Est. revenue (rough)

Vermilion Holdings, Inc.

Sauk Rapids, MN· ~138 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$2.5M
SBA financing: ≈ $4.8M–$8.1M
Est. revenue (rough)

Independent Machine Co., Inc.

Escanaba, MI· ~297 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$2.0M
SBA financing: ≈ $3.9M–$6.5M
Est. revenue (rough)

KAGE Innovation-WI, LLC

Osceola, WI· ~144 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$3.1M
SBA financing: ≈ $6.0M–$10M
Est. revenue (rough)

Lakeland Manufacturing LLC

Cumberland, WI· ~132 mi

All Other Miscellaneous Fabricated Metal Product Manufacturi

$4.8M
SBA financing: ≈ $9.4M–$16M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Cast Corporation in Hibbing, MN (All Other Miscellaneous Fabricated Metal Product Manufacturi). 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 $2.0M
On record FY2020
50 jobs supported
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturi
Location: Hibbing, MN
Lender: Security State Bank of Hibbing

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Miscellaneous Fabricated Metal Product Manufacturi businesses in MN for ~$2.0M 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/cast-corporation-mn
API:: https://www.capbench.com/api/public/businesses/cast-corporation-mn
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 Cast Corporation.

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