PPP Loan information for Borghi usa inc. oilhydraulic conduits

$1,200,000

Borghi usa inc. oilhydraulic conduits was initially approved for PPP Loan of amount $1,427,440, the current approved amount is $1,200,000. The loan was approved on 04/28/2020 by The Farmers & Merchants Bank & Trust reported 122 jobs and $1,200,000 was used to fund payroll.

Borghi usa inc. oilhydraulic conduits is Existing or more than 2 years old

PPP Loan Search / IA / WEST BURLINGTON / Borghi usa inc. oilhydraulic conduits

BORGHI USA INC. OILHYDRAULIC CONDUITS

Date Approved

04/28/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

BORGHI USA INC. OILHYDRAULIC CONDUITS

Borrower Address

402 West DIVISION ST

Borrower City

WEST BURLINGTON

Borrower State

IA

Borrower Zip

52655-1669

Loan Status Date

04/06/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1427440.00

Current Approval Amount

1200000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24636

Servicing Lender Name

Farmers & Merchants Bank & Trust

Servicing Lender Address

221 Jefferson St

Servicing Lender City

BURLINGTON

Servicing Lender State

IA

Servicing Lender Zip

52601-5213

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST BURLINGTON

Project County Name

DES MOINES

Project State

IA

Project Zip

52655-1669

CD

IA-01

Jobs Reported

122

NAICS Code

332999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1200000.00

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

24636

Originating Lender

Farmers & Merchants Bank & Trust

Originating Lender City

BURLINGTON

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1213366.67

Forgiveness Date

06/11/2021

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