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Metal Works, Inc.

$620,000 PPP Loan in Spencer, Iowa

Loan Details

Loan Number
4774967002
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$620,000
Current Approval
$620,000
Forgiveness Amount
$626,579
Forgiveness Date
Apr 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Metal Works, Inc.
Address
1015 32nd Ave West
City
Spencer
State
Iowa
ZIP Code
51301-2504
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
$14.4M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$428,400
Utilities
$27,000
Health Care
$71,400
Mortgage Interest
$89,800
Debt Interest
$3,400

Lender Information

Servicing Lender
Community State Bank
Originating Lender
Community State Bank

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