PPP Loan information for Arc mechanical inc.

$527,700

Arc mechanical inc. was initially approved for PPP Loan of amount $527,700, the current approved amount is $527,700. The loan was approved on 01/20/2021 by The Connection Bank reported 34 jobs and $527,700 was used to fund payroll.

Arc mechanical inc. is Existing or more than 2 years old

PPP Loan Search / IA / Keokuk / Arc mechanical inc.

ARC MECHANICAL INC.

Date Approved

01/20/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

ARC MECHANICAL INC.

Borrower Address

2600 S 7th St

Borrower City

Keokuk

Borrower State

IA

Borrower Zip

52632-3532

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

527700.00

Current Approval Amount

527700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25013

Servicing Lender Name

Connection Bank

Servicing Lender Address

636 Ave G

Servicing Lender City

FORT MADISON

Servicing Lender State

IA

Servicing Lender Zip

52627-2925

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Keokuk

Project County Name

LEE

Project State

IA

Project Zip

52632-3532

CD

IA-01

Jobs Reported

34

NAICS Code

238990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

527697.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25013

Originating Lender

Connection Bank

Originating Lender City

FORT MADISON

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

531762.57

Forgiveness Date

11/01/2021

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