# PPP loan: BACHMAN TOOL & DIE CO.
> **$820K** approved 01/17/2021 · Paid in Full · Loan `1398898308`
## Borrower
- **Name:** BACHMAN TOOL & DIE CO.
- **Address:** 1111 4th Ave NE, Independence, IA, 50644-1203
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $820K
- **Initial approval:** $820K
- **Forgiven:** $826K (101%)
- **Forgiveness date:** 10/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $820K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** BankIowa
- **Servicing:** BankIowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*