Local steel fabricator receives nearly $5 million

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Local steel fabricator receives nearly $5 million

Structural Steel, Ltd. L & N Strong Family Limited Partnership in Pharr has received three U.S. Department of Agriculture loans totaling $4,990,000, allowing the company to refinance its debt and working capital, thus saving 70 jobs and creating 15 more.

Strong Structural Steel, a structured steel fabricator specializing in pre-engineered metal buildings and various metal components, received the loans under the USDA Business and Industry Guaranteed Loan program. The guaranteed loans are used to specifically refinance debt associated with business, pay for closing costs and fees, and provide working capital for new inventory and future operating expenses.

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