PPP Loan information for Carbide tool services inc

$575,300

Carbide tool services inc was initially approved for PPP Loan of amount $575,300, the current approved amount is $575,300. The loan was approved on 04/15/2020 by The MidWestOne Bank reported 28 jobs and $575,300 was used to fund payroll.

Carbide tool services inc is Existing or more than 2 years old

PPP Loan Search / MN / ANOKA / Carbide tool services inc

CARBIDE TOOL SERVICES INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CARBIDE TOOL SERVICES INC

Borrower Address

1020 Lund Blvd

Borrower City

ANOKA

Borrower State

MN

Borrower Zip

55303

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

575300.00

Current Approval Amount

575300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ANOKA

Project County Name

ANOKA

Project State

MN

Project Zip

55303-0001

CD

MN-03

Jobs Reported

28

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

35956.25

Payroll Proceed

431475.00

Mortgage Interest Proceed

35956.25

Rent Proceed

35956.25

Refinance EIDL Proceed

0.00

Health Care Proceed

35956.25

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

580333.88

Forgiveness Date

03/03/2021

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