What is Balas?
Headquartered in the Chicago metropolitan area, Balas Inc. operates as a specialized service provider focused on precision cylindrical grinding and finishing of metal components. The company maintains a sophisticated facility capable of handling large-scale workpieces, with dimensions reaching up to 50 inches in diameter and 600 inches in length. Serving a diverse client base that spans steel fabricators, machinery manufacturers, and the paper industry, Balas distinguishes itself through high-quality output and expedited delivery schedules. By maintaining a dual-shift operational model, the company ensures consistent throughput for its regional and international partners across the Midwest and beyond.
How much funding has Balas raised?
Balas has raised a total of $268K across 2 funding rounds:
Debt
$150K
Debt
$118K
Debt (2020): $150K with participation from PPP
Debt (2021): $118K led by PPP
Key Investors in Balas
PPP
Public-Private Partnership
What's next for Balas?
With the recent infusion of capital, Balas is well-positioned to optimize its production workflows and potentially expand its service capacity to meet the growing demands of the industrial equipment sector. The strategic allocation of these funds will likely focus on enhancing technical capabilities and maintaining the high-precision standards that define the company's competitive advantage. As the manufacturing landscape evolves, Balas remains committed to scaling its operations while upholding the rigorous quality control measures required by its diverse industrial clientele.
See full Balas company page
