Heatland Machine & Tool INC

$249,400 PPP Loan in New Hartford, Iowa

Loan Details

Loan Number
6248487108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$249,400
Current Approval
$249,400
Forgiveness Amount
$251,146
Forgiveness Date
Dec 28, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Heatland Machine & Tool INC
Address
29706 Hwy 57
State
Iowa
ZIP Code
50660
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.6M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$187,050
Rent
$15,588
Utilities
$15,588
Mortgage Interest
$15,588
Refinance EIDL
$15,588

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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