PPP Loan information for Machine tool engineering (re)

$484,500

Machine tool engineering (re) was initially approved for PPP Loan of amount $484,500, the current approved amount is $484,500. The loan was approved on 04/06/2020 by The CUSB Bank reported 41 jobs and $484,500 was used to fund payroll.

Machine tool engineering (re) is Existing or more than 2 years old

PPP Loan Search / IA / CHARLES CITY / Machine tool engineering (re)

MACHINE TOOL ENGINEERING (RE)

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MACHINE TOOL ENGINEERING (RE)

Borrower Address

2916 Hwy 18

Borrower City

CHARLES CITY

Borrower State

IA

Borrower Zip

50616

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

484500.00

Current Approval Amount

484500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24814

Servicing Lender Name

CUSB Bank

Servicing Lender Address

111 N Elm St

Servicing Lender City

CRESCO

Servicing Lender State

IA

Servicing Lender Zip

52136-1532

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLES CITY

Project County Name

FLOYD

Project State

IA

Project Zip

50616-0001

CD

IA-02

Jobs Reported

41

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

484500.00

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

Corporation

Originating Lender Location Id

24814

Originating Lender

CUSB Bank

Originating Lender City

CRESCO

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

489223.87

Forgiveness Date

03/31/2021

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