PPP Loan information for Bancroft implement inc

$1,904,200

Bancroft implement inc was initially approved for PPP Loan of amount $1,904,200, the current approved amount is $1,904,200. The loan was approved on 04/04/2020 by The NSB Bank reported 162 jobs and $1,904,200 was used to fund payroll.

Bancroft implement inc is Existing or more than 2 years old

PPP Loan Search / IA / BANCROFT / Bancroft implement inc

BANCROFT IMPLEMENT INC

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BANCROFT IMPLEMENT INC

Borrower Address

312 W Ramsey St

Borrower City

BANCROFT

Borrower State

IA

Borrower Zip

50517-8076

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1904200.00

Current Approval Amount

1904200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25313

Servicing Lender Name

NSB Bank

Servicing Lender Address

2650 4th St SW

Servicing Lender City

MASON CITY

Servicing Lender State

IA

Servicing Lender Zip

50401-4651

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BANCROFT

Project County Name

KOSSUTH

Project State

IA

Project Zip

50517-8076

CD

IA-04

Jobs Reported

162

NAICS Code

423820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1904200.00

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

Corporation

Originating Lender Location Id

25313

Originating Lender

NSB Bank

Originating Lender City

MASON CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1923136.21

Forgiveness Date

03/31/2021

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