PPP Loan information for Industrial machine & tool company, inc

Date Approved

04/06/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

INDUSTRIAL MACHINE & TOOL COMPANY, INC

Borrower Address

141 SUNSET BLVD

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42503-3071

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

263700.00

Current Approval Amount

319800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27925

Servicing Lender Name

The Citizens National Bank of Somerset

Servicing Lender Address

44 Public Sq

Servicing Lender City

SOMERSET

Servicing Lender State

KY

Servicing Lender Zip

42501-1414

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42503-3071

CD

KY-05

Jobs Reported

24

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6063.71

Payroll Proceed

239880.32

Mortgage Interest Proceed

0.00

Rent Proceed

4365.87

Refinance EIDL Proceed

0.00

Health Care Proceed

69490.10

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

27925

Originating Lender

The Citizens National Bank of Somerset

Originating Lender City

SOMERSET

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

321701.03

Forgiveness Date

11/12/2020