Date Approved
04/16/2020
SBA Office Code
0761
Processing Method
PPP
Borrower Name
BILLINGS & MENSEN
Borrower Address
111 E REED ST
Borrower City
RED OAK
Borrower State
IA
Borrower Zip
51566-2288
Loan Status Date
01/07/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
54700.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
24768
Servicing Lender Name
Bank Iowa
Servicing Lender Address
1150 Jordan Creek Pkwy
Servicing Lender City
WEST DES MOINES
Servicing Lender State
Servicing Lender Zip
50266-5831
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MONTGOMERY
Project State
Project Zip
CD
IA-03
Jobs Reported
7
NAICS Code
541110
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
500.00
Payroll Proceed
46050.00
Mortgage Interest Proceed
2550.00
Rent Proceed
3000.00
Refinance EIDL Proceed
Health Care Proceed
2600.00
Debt Interest Proceed
0
Business Type
Sole Proprietorship
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
55079.86
Forgiveness Date
12/23/2020