# PPP loan: BACHMAN TOOL & DIE, CO.
> **$392K** approved 04/06/2020 · Paid in Full · Loan `6443247003`
## Borrower
- **Name:** BACHMAN TOOL & DIE, CO.
- **Address:** 1111 4th Avenue NE, INDEPENDENCE, IA, 50644-1203
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $392K
- **Initial approval:** $820K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Jobs reported:** 48
## 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*