PPP Loan information for Bachman tool & die co.

$819,871

Bachman tool & die co. was initially approved for PPP Loan of amount $819,871, the current approved amount is $819,871. The loan was approved on 01/17/2021 by The BankIowa reported 50 jobs and $819,871 was used to fund payroll.

Bachman tool & die co. is Existing or more than 2 years old

PPP Loan Search / IA / Independence / Bachman tool & die co.

BACHMAN TOOL & DIE CO.

Date Approved

01/17/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

BACHMAN TOOL & DIE CO.

Borrower Address

1111 4th Ave NE

Borrower City

Independence

Borrower State

IA

Borrower Zip

50644-1203

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

819871.00

Current Approval Amount

819871.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25325

Servicing Lender Name

BankIowa

Servicing Lender Address

7045 C Ave NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1378

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Independence

Project County Name

BUCHANAN

Project State

IA

Project Zip

50644-1203

CD

IA-02

Jobs Reported

50

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

819869.00

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

25325

Originating Lender

BankIowa

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

825883.39

Forgiveness Date

10/14/2021

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