PPP Loan information for Hales machine tool inc

$366,224

Hales machine tool inc was initially approved for PPP Loan of amount $366,224, the current approved amount is $366,224. The loan was approved on 04/09/2020 by The Citizens Independent Bank reported 21 jobs and $366,224 was used to fund payroll.

Hales machine tool inc is Existing or more than 2 years old

PPP Loan Search / MN / Plymouth / Hales machine tool inc

HALES MACHINE TOOL INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HALES MACHINE TOOL INC

Borrower Address

2730 Niagara Lane N

Borrower City

Plymouth

Borrower State

MN

Borrower Zip

55447-4843

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

366223.65

Current Approval Amount

366223.65

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38830

Servicing Lender Name

Citizens Independent Bank

Servicing Lender Address

5000 W 36th St

Servicing Lender City

SAINT LOUIS PARK

Servicing Lender State

MN

Servicing Lender Zip

55416-2758

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Plymouth

Project County Name

HENNEPIN

Project State

MN

Project Zip

55447-4843

CD

MN-03

Jobs Reported

21

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

366223.65

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

Subchapter S Corporation

Originating Lender Location Id

38830

Originating Lender

Citizens Independent Bank

Originating Lender City

SAINT LOUIS PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

369002.94

Forgiveness Date

01/20/2021

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