PPP Loan information for Borchers supply, inc

$115,752

Borchers supply, inc was initially approved for PPP Loan of amount $115,752, the current approved amount is $115,752. The loan was approved on 04/08/2020 by The Rivers Edge Bank reported 10 jobs and $115,752 was used to fund payroll.

Borchers supply, inc is Existing or more than 2 years old

PPP Loan Search / IA / HAWARDEN / Borchers supply, inc

BORCHERS SUPPLY, INC

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BORCHERS SUPPLY, INC

Borrower Address

4349 Cherry Ave PO Box 193

Borrower City

HAWARDEN

Borrower State

IA

Borrower Zip

51023-7598

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

115752.00

Current Approval Amount

115752.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66546

Servicing Lender Name

Rivers Edge Bank

Servicing Lender Address

211 N Broadway

Servicing Lender City

MARION

Servicing Lender State

SD

Servicing Lender Zip

57349-0129

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAWARDEN

Project County Name

SIOUX

Project State

IA

Project Zip

51023-7598

CD

IA-04

Jobs Reported

10

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

115752.00

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

66546

Originating Lender

Rivers Edge Bank

Originating Lender City

MARION

Originating Lender State

SD

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

116478.22

Forgiveness Date

12/02/2020

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