PPP Loan information for Quality machine of iowa, inc.

$518,025

Quality machine of iowa, inc. was initially approved for PPP Loan of amount $518,025, the current approved amount is $518,025. The loan was approved on 04/08/2020 by The Lincoln Savings Bank reported 49 jobs and $518,025 was used to fund payroll.

Quality machine of iowa, inc. is Existing or more than 2 years old

PPP Loan Search / IA / AUDUBON / Quality machine of iowa, inc.

QUALITY MACHINE OF IOWA, INC.

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

QUALITY MACHINE OF IOWA, INC.

Borrower Address

1040 4TH AVE

Borrower City

AUDUBON

Borrower State

IA

Borrower Zip

50025-1461

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

518025.00

Current Approval Amount

518025.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25416

Servicing Lender Name

Lincoln Savings Bank

Servicing Lender Address

508 Main Street PO Box E

Servicing Lender City

Reinbeck

Servicing Lender State

IA

Servicing Lender Zip

50669

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUDUBON

Project County Name

AUDUBON

Project State

IA

Project Zip

50025-1461

CD

IA-04

Jobs Reported

49

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

433025.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

75000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25416

Originating Lender

Lincoln Savings Bank

Originating Lender City

Reinbeck

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

522013.08

Forgiveness Date

01/20/2021

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