Choate Machine & Tool Company, Incorporated

$118,618 PPP Loan in Bald Knob, Arkansas

Loan Details

Loan Number
1222627308
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$118,618
Current Approval
$118,618
Forgiveness Amount
$119,236
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Choate Machine & Tool Company, Incorporated
Address
116 Lovers Ln
ZIP Code
72010
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332994)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$5.1M
Rural/Urban
Rural
Congressional District
AR-02

Loan Use Breakdown

Payroll
$88,964
Utilities
$29,655

Lender Information

Servicing Lender
First Community Bank
Originating Lender
First Community Bank

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