PPP Loan information for Machine tool engineering inc.

$484,500

Machine tool engineering inc. was initially approved for PPP Loan of amount $484,500, the current approved amount is $484,500. The loan was approved on 03/04/2021 by The CUSB Bank reported 36 jobs and $484,500 was used to fund payroll.

Machine tool engineering inc. is Existing or more than 2 years old

PPP Loan Search / IA / Charles City / Machine tool engineering inc.

MACHINE TOOL ENGINEERING INC.

Date Approved

03/04/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

MACHINE TOOL ENGINEERING INC.

Borrower Address

2916 Highway 18

Borrower City

Charles City

Borrower State

IA

Borrower Zip

50616-8810

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

484500.00

Current Approval Amount

484500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24814

Servicing Lender Name

CUSB Bank

Servicing Lender Address

111 N Elm St

Servicing Lender City

CRESCO

Servicing Lender State

IA

Servicing Lender Zip

52136-1532

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Charles City

Project County Name

FLOYD

Project State

IA

Project Zip

50616-8810

CD

IA-02

Jobs Reported

36

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

484498.00

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

24814

Originating Lender

CUSB Bank

Originating Lender City

CRESCO

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

486478.38

Forgiveness Date

08/04/2021

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