PPP Loan information for Lancaster machine & tool inc

$317,300

Lancaster machine & tool inc was initially approved for PPP Loan of amount $317,300, the current approved amount is $317,300. The loan was approved on 04/09/2020 by The MidWestOne Bank reported 23 jobs and $317,300 was used to fund payroll.

Lancaster machine & tool inc is Existing or more than 2 years old

PPP Loan Search / WI / LANCASTER / Lancaster machine & tool inc

LANCASTER MACHINE & TOOL INC

Date Approved

04/09/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

LANCASTER MACHINE & TOOL INC

Borrower Address

1900 INDUSTRIAL PARK ROAD

Borrower City

LANCASTER

Borrower State

WI

Borrower Zip

53813-9431

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

317300.00

Current Approval Amount

317300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LANCASTER

Project County Name

GRANT

Project State

WI

Project Zip

53813-9431

CD

WI-03

Jobs Reported

23

NAICS Code

333514

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

19831.25

Payroll Proceed

237975.00

Mortgage Interest Proceed

19831.25

Rent Proceed

19831.25

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

19831.25

Business Type

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

319970.61

Forgiveness Date

02/11/2021

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