Reliable Tool & Machine Company INC

$1,254,100 PPP Loan in Kendallville, Indiana

Loan Details

Loan Number
5028827009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,254,100
Current Approval
$1,254,100
Forgiveness Amount
$1,265,713
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Reliable Tool & Machine Company INC
Address
301 W Ohio St
State
Indiana
ZIP Code
46755-2017
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
126
Estimated Revenue
$30.8M
Rural/Urban
Rural
Congressional District
IN-03

Loan Use Breakdown

Payroll
$1,153,348
Rent
$20,066
Utilities
$40,686
Debt Interest
$40,000

Lender Information

Servicing Lender
Star Financial Bank
Originating Lender
Star Financial Bank

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