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Ashing Machine & Tool Co.

$141,205 PPP Loan in Grinnell, Iowa

Loan Details

Loan Number
6105627007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$141,205
Current Approval
$141,205
Forgiveness Amount
$142,417
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ashing Machine & Tool Co.
Address
725 Penrose Street
City
Grinnell
State
Iowa
ZIP Code
50112-2218
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$110,000
Utilities
$5,000
Health Care
$1,205
Mortgage Interest
$25,000

Lender Information

Servicing Lender
Grinnell State Bank
Originating Lender
Grinnell State Bank

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