AMERICAN MACHINE & TOOL CO INC (AL) - 2020 PPP Loan Borrower Profile (# 3491029000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN MACHINE & TOOL CO INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

3491029000

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$10,500

Date Loan was Approved

May 18, 2021

Amount Forgiven

$10,534.52

Date Loan was Forgiven

Sep 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

10,498

Lender

Wells Fargo Bank, National Association

Business Detail

Business Type

Corporation

NAICS

333514

Borrower Location

Tuscumbia, AL

Project Location

Tuscumbia, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.