Metalcraft Inc.

$1,256,000 PPP Loan in Mason City, Iowa

Loan Details

Loan Number
4489057001
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$1,256,000
Current Approval
$1,256,000
Forgiveness Amount
$1,267,618
Forgiveness Date
Mar 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Metalcraft Inc.
Address
3360 9th Street SW
State
Iowa
ZIP Code
50401-7313
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332312)
Business Age
Existing or more than 2 years old
Jobs Reported
115
Estimated Revenue
$28.1M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$1,056,000
Utilities
$30,000
Health Care
$130,000
Mortgage Interest
$20,000
Debt Interest
$20,000

Lender Information

Servicing Lender
Clear Lake Bank & Trust Company
Originating Lender
Clear Lake Bank & Trust Company

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