Master Tool & Mfg., Inc.

$567,500 PPP Loan in Hiawatha, Iowa

Loan Details

Loan Number
4557877003
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$567,500
Current Approval
$567,500
Forgiveness Amount
$570,684
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Master Tool & Mfg., Inc.
Address
1450 Progress Dr
State
Iowa
ZIP Code
52233-2206
Business Type
Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.9M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$425,625
Rent
$70,937
Utilities
$70,938

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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