PPP Loan information for Quality tool & machine, inc

$37,800

Quality tool & machine, inc was initially approved for PPP Loan of amount $37,800, the current approved amount is $37,800. The loan was approved on 04/04/2020 by The Midwest Bank reported 3 jobs and $37,800 was used to fund payroll.

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

PPP Loan Search / MN / DETROIT LAKES / Quality tool & machine, inc

QUALITY TOOL & MACHINE, INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

QUALITY TOOL & MACHINE, INC

Borrower Address

1143 HAWK ST

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-6942

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

37800.00

Current Approval Amount

37800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-6942

CD

MN-07

Jobs Reported

3

NAICS Code

333517

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

37800.00

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

Subchapter S Corporation

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

38037.16

Forgiveness Date

11/27/2020

;