Industrial Hardfacing, INC

$338,200 PPP Loan in Lamoni, Iowa

Loan Details

Loan Number
5801657004
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$338,200
Current Approval
$338,200
Forgiveness Amount
$340,088
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Hardfacing, INC
Address
218 E Main St
City
Lamoni
State
Iowa
ZIP Code
50140-1244
Business Type
Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$10.3M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$314,200
Utilities
$16,000
Debt Interest
$8,000

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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