PPP Loan information for Master tool & mfg., inc.

$567,500

Master tool & mfg., inc. was initially approved for PPP Loan of amount $567,500, the current approved amount is $567,500. The loan was approved on 04/03/2020 by The Farmers State Bank reported 34 jobs and $567,500 was used to fund payroll.

Master tool & mfg., inc. is Existing or more than 2 years old

PPP Loan Search / IA / HIAWATHA / Master tool & mfg., inc.

MASTER TOOL & MFG., INC.

Date Approved

04/03/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MASTER TOOL & MFG., INC.

Borrower Address

1450 PROGRESS DR

Borrower City

HIAWATHA

Borrower State

IA

Borrower Zip

52233-2206

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

567500.00

Current Approval Amount

567500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIAWATHA

Project County Name

LINN

Project State

IA

Project Zip

52233-2206

CD

IA-02

Jobs Reported

34

NAICS Code

333514

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

70938.00

Payroll Proceed

425625.00

Mortgage Interest Proceed

0.00

Rent Proceed

70937.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

570684.31

Forgiveness Date

11/03/2020

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