Aura Fabricators

Fergus Falls,
MN
(2018)

Aura Fabricators

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

Provision of a $1,865,000 loan for a metal fabrication company in Fergus Falls, MN.

Investment

NMTC Amount: $1,865,000
Total Project Cost: $3,760,000

IMPACT

16 FTE jobs

CDEs

Midwest Minnesota CDC

Investor

Bremer Bank

Aura: Provided $1,865,000 loan for metal fabrication company in Fergus Falls, MN: Jasmine Sonmor founded Aura Fabricators as a college senior in 2014 and began bidding on bridge components in the various DOT markets. Aura has grown rapidly under Sonmor’s leadership. In less than four years, Sonmor has more than doubled the number of contracts held by Aura and expanded the business to a second location, hiring 16 new employees between the two facilities.

With plans to pursue additional certifications and enter new metal-working markets, neither Sonmor nor Aura is slowing down any time soon. As Aura secured more contracts and considered new lines of business, expansion to a second location became critical. Sonmor’s plans for the company’s future required more room and equipment for Aura’s continued growth. NMSC provided favorable financing for new equipment to accommodate Aura’s further expansion into new products and business lines through the NMTC enhanced Bremer Bank Loan Fund, dedicated to supporting small businesses in the rural Midwest.

MAP

Address: 1011 Weyrens Road, Fergus Falls, MN 56537

Census Tract: 27111960900

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