Reliable Machine and Manufacturing Company

$305,700 PPP Loan in Hiawatha, Iowa

Loan Details

Loan Number
2965717306
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$305,700
Current Approval
$305,700
Forgiveness Amount
$309,530
Forgiveness Date
Aug 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Reliable Machine and Manufacturing Company
Address
735 Kacena Rd
State
Iowa
ZIP Code
52233-1291
Business Type
Corporation
Industry (NAICS)
Retail Trade (454390)
Business Age
Unanswered
Jobs Reported
25
Estimated Revenue
$6.0M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$280,000
Rent
$10,000
Utilities
$15,700

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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