Machine Tool & Cutter Grinding, INC

$22,300 PPP Loan in Hyrum, Utah

Loan Details

Loan Number
6795897003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$22,300
Current Approval
$22,300
Forgiveness Amount
$22,451
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Machine Tool & Cutter Grinding, INC
Address
50 South 200 East
City
Hyrum
State
Utah
ZIP Code
84319-1240
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
New Business or 2 years or less
Jobs Reported
3
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
UT-01

Loan Use Breakdown

Payroll
$16,725
Rent
$3,723
Utilities
$1,852

Lender Information

Servicing Lender
Cache Valley Bank
Originating Lender
Cache Valley Bank

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