PPP Loan information for Algona machine & supply, inc.

$57,900

Algona machine & supply, inc. was initially approved for PPP Loan of amount $57,900, the current approved amount is $57,900. The loan was approved on 05/11/2020 by The Iowa State Bank reported 7 jobs and $57,900 was used to fund payroll.

Algona machine & supply, inc. is Existing or more than 2 years old

PPP Loan Search / IA / ALGONA / Algona machine & supply, inc.

ALGONA MACHINE & SUPPLY, INC.

Date Approved

05/11/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

ALGONA MACHINE & SUPPLY, INC.

Borrower Address

2204 PLUM CREEK RD

Borrower City

ALGONA

Borrower State

IA

Borrower Zip

50511-7181

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57900.00

Current Approval Amount

57900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24540

Servicing Lender Name

Iowa State Bank

Servicing Lender Address

5 E Call St

Servicing Lender City

ALGONA

Servicing Lender State

IA

Servicing Lender Zip

50511-2402

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALGONA

Project County Name

KOSSUTH

Project State

IA

Project Zip

50511-7181

CD

IA-04

Jobs Reported

7

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

57900.00

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

24540

Originating Lender

Iowa State Bank

Originating Lender City

ALGONA

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

58496.69

Forgiveness Date

05/20/2021

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