Versatool & Die Machining & Engineering INC

$299,000 PPP Loan in Beloit, Wisconsin

Loan Details

Loan Number
5100687108
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$299,000
Current Approval
$299,000
Forgiveness Amount
$300,777
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Versatool & Die Machining & Engineering INC
Address
280 Cranston Rd
City
Beloit
ZIP Code
53511-3994
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$5.9M
Rural/Urban
Urban
Congressional District
WI-01

Loan Use Breakdown

Payroll
$269,547
Rent
$17,000
Utilities
$12,453

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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