PPP Loan information for Ameritec machining inc

$408,600

Ameritec machining inc was initially approved for PPP Loan of amount $408,600, the current approved amount is $408,600. The loan was approved on 04/15/2020 by The Bank Iowa reported 38 jobs and $408,600 was used to fund payroll.

Ameritec machining inc is Existing or more than 2 years old

PPP Loan Search / IA / NEW HAMPTON / Ameritec machining inc

AMERITEC MACHINING INC

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

AMERITEC MACHINING INC

Borrower Address

2210 270TH ST

Borrower City

NEW HAMPTON

Borrower State

IA

Borrower Zip

50659-9016

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

408600.00

Current Approval Amount

408600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24768

Servicing Lender Name

Bank Iowa

Servicing Lender Address

1150 Jordan Creek Pkwy

Servicing Lender City

WEST DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50266-5831

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW HAMPTON

Project County Name

CHICKASAW

Project State

IA

Project Zip

50659-9016

CD

IA-02

Jobs Reported

38

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

51075.00

Payroll Proceed

306450.00

Mortgage Interest Proceed

51075.00

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

24768

Originating Lender

Bank Iowa

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

412232.00

Forgiveness Date

03/11/2021

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