PPP Loan information for American machinery works, inc

$522,100

American machinery works, inc was initially approved for PPP Loan of amount $522,100, the current approved amount is $522,100. The loan was approved on 04/15/2020 by The Alerus Financial, National Association reported 51 jobs and $522,100 was used to fund payroll.

American machinery works, inc is Existing or more than 2 years old

PPP Loan Search / AZ / PHOENIX / American machinery works, inc

AMERICAN MACHINERY WORKS, INC

Date Approved

04/15/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

AMERICAN MACHINERY WORKS, INC

Borrower Address

5640 S 32nd St

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85040-3832

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

522100.00

Current Approval Amount

522100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85040-3832

CD

AZ-03

Jobs Reported

51

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

27000.00

Payroll Proceed

391590.00

Mortgage Interest Proceed

0.00

Rent Proceed

72210.00

Refinance EIDL Proceed

0.00

Health Care Proceed

31300.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

526972.93

Forgiveness Date

03/25/2021

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