American Machinery Works, INC

$522,100 PPP Loan in Phoenix, Arizona

Loan Details

Loan Number
8820157104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$522,100
Current Approval
$522,100
Forgiveness Amount
$526,973
Forgiveness Date
Mar 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Machinery Works, INC
Address
5640 S 32nd St
State
Arizona
ZIP Code
85040-3832
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423840)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$15.6M
Rural/Urban
Urban
Congressional District
AZ-03

Loan Use Breakdown

Payroll
$391,590
Rent
$72,210
Utilities
$27,000
Health Care
$31,300

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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