ABERDEEN MACHINE TOOL INC. (SD) - 2020 PPP Loan Borrower Profile (# 5392557203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABERDEEN MACHINE 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 South Dakota.

Loan Detail

Loan Number

5392557203

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$288,219

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$290,740.92

Date Loan was Forgiven

Mar 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

236,165

Rent Proceed

46,054

Lender

Great Plains Bank

Business Detail

Business Type

Corporation

NAICS

333517

Borrower Location

ABERDEEN, SD

Project Location

ABERDEEN, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.