PPP Loan information for Federal machine co.

$165,000

Federal machine co. was initially approved for PPP Loan of amount $165,000, the current approved amount is $165,000. The loan was approved on 04/04/2020 by The Gate City Bank reported 18 jobs and $165,000 was used to fund payroll.

Federal machine co. is Existing or more than 2 years old

PPP Loan Search / ND / FARGO / Federal machine co.

FEDERAL MACHINE CO.

Date Approved

04/04/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

FEDERAL MACHINE CO.

Borrower Address

725 N 25th St

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58102-3110

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

165000.00

Current Approval Amount

165000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77898

Servicing Lender Name

Gate City Bank

Servicing Lender Address

500 2nd Ave N

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58102-4864

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58102-3110

CD

ND-

Jobs Reported

18

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

160000.00

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

77898

Originating Lender

Gate City Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

166475.83

Forgiveness Date

03/03/2021

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