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American Handling Systems, INC

$688,200 PPP Loan in Laurens, Iowa

Loan Details

Loan Number
7646477007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$688,200
Current Approval
$688,200
Forgiveness Amount
$695,006
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Handling Systems, INC
Address
191 North Rush Lake Rd
City
Laurens
State
Iowa
ZIP Code
50554-1250
Business Type
Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$13.4M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$535,100
Utilities
$16,000
Health Care
$92,100
Debt Interest
$45,000

Lender Information

Servicing Lender
Community State Bank
Originating Lender
Community State Bank

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