PPP Loan information for Industrial machine & tool. inc.

$298,100

Industrial machine & tool. inc. was initially approved for PPP Loan of amount $298,100, the current approved amount is $298,100. The loan was approved on 03/12/2021 by The The Citizens National Bank of Somerset reported 20 jobs and $298,100 was used to fund payroll.

Industrial machine & tool. inc. is Existing or more than 2 years old

PPP Loan Search / KY / Somerset / Industrial machine & tool. inc.

INDUSTRIAL MACHINE & TOOL. INC.

Date Approved

03/12/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

INDUSTRIAL MACHINE & TOOL. INC.

Borrower Address

141 Sunset Blvd

Borrower City

Somerset

Borrower State

KY

Borrower Zip

42503-3071

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

298100.00

Current Approval Amount

298100.00

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

20

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

298096.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

299913.44

Forgiveness Date

10/25/2021

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