Industrial Machine & Tool Company, INC
$263,700 PPP Loan in Somerset, Kentucky
Loan Details
- Loan Number
- 6067337001
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $263,700
- Current Approval
- $319,800
- Forgiveness Amount
- $321,701
- Forgiveness Date
- Nov 12, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Industrial Machine & Tool Company, INC
- Address
- 141 Sunset Blvd
- City
- Somerset
- State
- Kentucky
- ZIP Code
- 42503-3071
- 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
- Rural
- Congressional District
- KY-05
Loan Use Breakdown
- Payroll
- $239,880
- Rent
- $4,366
- Utilities
- $6,064
- Health Care
- $69,490
Lender Information
- Servicing Lender
- The Citizens National Bank of Somerset
- Originating Lender
- The Citizens National Bank of Somerset
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