PPP Loan information for Midwest industrial tool grinding, inc.

$1,035,700

Midwest industrial tool grinding, inc. was initially approved for PPP Loan of amount $1,035,700, the current approved amount is $1,035,700. The loan was approved on 04/06/2020 by The Citizens Bank & Trust Co reported 74 jobs and $1,035,700 was used to fund payroll.

Midwest industrial tool grinding, inc. is Existing or more than 2 years old

PPP Loan Search / MN / HUTCHINSON / Midwest industrial tool grinding, inc.

MIDWEST INDUSTRIAL TOOL GRINDING, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDWEST INDUSTRIAL TOOL GRINDING, INC.

Borrower Address

45 w HIGHLAND PARK DR ne

Borrower City

HUTCHINSON

Borrower State

MN

Borrower Zip

55350-9700

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1035700.00

Current Approval Amount

1035700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38252

Servicing Lender Name

Citizens Bank & Trust Co

Servicing Lender Address

102 Main St S

Servicing Lender City

HUTCHINSON

Servicing Lender State

MN

Servicing Lender Zip

55350-2575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUTCHINSON

Project County Name

MCLEOD

Project State

MN

Project Zip

55350-9700

CD

MN-07

Jobs Reported

74

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1035700.00

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

38252

Originating Lender

Citizens Bank & Trust Co

Originating Lender City

HUTCHINSON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1041942.97

Forgiveness Date

11/20/2020

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