Red Metals Recycling Inc.
12065 Telegraph Rd, Dearborn Heights, MI 48239 · Recyclable Material Merchant Wholesalers (NAICS 423930)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$3.9M
Jobs Supported
30
Years Active
2025–2025
Loan History (2)
Source: SBA FOIA7(a)$500,000
Exempt
- Approved
- Nov 25, 2024 (FY2025)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 10.75%
- Revolver
- 1
- Jobs Supported
- 15
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Recyclable Material Merchant Wholesalers (NAICS 423930)
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Wayne County, MI
7(a)$3,398,100
Exempt
- Approved
- Nov 22, 2024 (FY2025)
- SBA Guaranteed
- $2,548,575 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 10.75%
- Revolver
- 0
- Jobs Supported
- 15
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Recyclable Material Merchant Wholesalers (NAICS 423930)
Lender
The Huntington National Bank
17 S High St., Columbus, OH 43215
Project Location
Wayne County, MI
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 423930 — Recyclable Material Merchant Wholesalers
- Address
- 12065 Telegraph Rd
Dearborn Heights, MI 48239
Lender
- The Huntington National Bank
- 17 S High St., Columbus, OH 43215