COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  ASAHI FORGE OF AMERICA CORPORATION
Parent Company:  Asahi Forge
Award Date:  Apr 13, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $675,000
Awarding Agency:  Small Business Administration
Program Name:  Paycheck Protection Program
Facility State:  KY
Facility City:  Richmond
Facility Street Address:  5030 Corporate Way 0.0
Facility Zip Code:  40475
Facility Congressional District:  KY - 06
Facility NAICS Code:  336350 : Motor Vehicle Transmission and Power Train Parts Manufacturing
PPP Lender:  JPMorgan Chase Bank, National Association
Jobs Retained:  53
Notes: 

The dollar amount of this loan was reported to be in a range of $350,000 to $1 million. We are using the midpoint of that range: $675,000.


Parent Company Data

Ownership Structure:  privately held
Headquartered in:  Japan
Parent Sector:  miscellaneous manufacturing
Parent Industry:  industrial equipment

Parent Accountability Issues Since 2010

Environmental / Healthcare / Safety Penalties:  $20,350