What is Silver Tool?
Silver Tool, Inc. is a machine shop established in 1984 and based in Miamisburg, Ohio. The company specializes in custom machining services, catering to local businesses throughout Ohio and Kentucky. Operating from a facility exceeding 30,000 sq. ft., Silver Tool offers a comprehensive suite of machining capabilities, including jig grinding, wire EDM, and short-run production. Their commitment to quality workmanship and the utilization of advanced equipment enable them to meet diverse client needs with tailored solutions and custom tooling.
How much funding has Silver Tool raised?
Silver Tool has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$730K
Debt (2020): $350K with participation from PPP
Debt (2021): $730K led by PPP
Key Investors in Silver Tool
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Silver Tool?
With the recent strategic investment, Silver Tool is poised for further expansion and enhancement of its custom machining services. The enterprise-level funding suggests a strategic focus on scaling operations, potentially investing in new machinery, expanding its skilled workforce, or broadening its client base across Ohio and Kentucky. This capital infusion will likely support the company's objective to handle an increasing volume and complexity of machining tasks, reinforcing its position as a key provider of tailored solutions and custom tooling in the region.
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