AMERITEC MACHINING INC (IA) - 2020 PPP Loan Borrower Profile (# 1845667207)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERITEC MACHINING 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 Iowa.

Loan Detail

Loan Number

1845667207

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$408,600

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$412,232

Date Loan was Forgiven

Mar 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

51,075

Payroll Proced

306,450

Mortgage Interest Proceed

51,075

Lender

Bank Iowa

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

NEW HAMPTON, IA

Project Location

NEW HAMPTON, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.