Frederick's Machine & Tool Shop INC

$1,054,488 PPP Loan in New Iberia, Louisiana

Loan Details

Loan Number
3748558300
Date Approved
Jan 22, 2021
Loan Status
Exemption 4
Initial Approval
$1,054,488
Current Approval
$1,054,488
Forgiveness Amount
$1,016,850
Forgiveness Date
Mar 31, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Frederick's Machine & Tool Shop INC
Address
3903 2nd St
ZIP Code
70560-0500
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
69
Estimated Revenue
$16.9M
Rural/Urban
Urban
Congressional District
LA-03

Loan Use Breakdown

Payroll
$1,054,485
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
B1bank

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