Ameritec Machining INC

$408,600 PPP Loan in New Hampton, Iowa

Loan Details

Loan Number
1845667207
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$408,600
Current Approval
$408,600
Forgiveness Amount
$412,232
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ameritec Machining INC
Address
2210 270th St
State
Iowa
ZIP Code
50659-9016
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$9.3M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$306,450
Utilities
$51,075
Mortgage Interest
$51,075

Lender Information

Servicing Lender
Bank Iowa
Originating Lender
Bank Iowa

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