A.S.A.P. MACHINE AND TOOL, INC. (MN) - 2020 PPP Loan Borrower Profile (# 4043107303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A.S.A.P. MACHINE AND TOOL, 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 Minnesota.

Loan Detail

Loan Number

4043107303

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,666.65

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$1,689.24

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,333.33

Rent Proceed

333.32

Lender

Security Bank & Trust Company

Business Detail

Business Type

Corporation

NAICS

332911

Borrower Location

NEW GERMANY, MN

Project Location

NEW GERMANY, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.