Quality Machine of Iowa, Inc.

$518,025 PPP Loan in Audubon, Iowa

Loan Details

Loan Number
8467087007
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$518,025
Current Approval
$518,025
Forgiveness Amount
$522,013
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Quality Machine of Iowa, Inc.
Address
1040 4th Ave
State
Iowa
ZIP Code
50025-1461
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$12.0M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$433,025
Utilities
$10,000
Health Care
$75,000

Lender Information

Servicing Lender
Lincoln Savings Bank
Originating Lender
Lincoln Savings Bank

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