PPP Loan information for Diversified composites

$238,000

Diversified composites was initially approved for PPP Loan of amount $206,400, the current approved amount is $238,000. The loan was approved on 04/05/2020 by The Farmers State Bank reported 26 jobs and $238,000 was used to fund payroll.

Diversified composites is Existing or more than 2 years old

PPP Loan Search / IA / BLAIRSTOWN / Diversified composites

DIVERSIFIED COMPOSITES

Date Approved

04/05/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

DIVERSIFIED COMPOSITES

Borrower Address

208 PROSPECT ST

Borrower City

BLAIRSTOWN

Borrower State

IA

Borrower Zip

52209-9701

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

206400.00

Current Approval Amount

238000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BLAIRSTOWN

Project County Name

BENTON

Project State

IA

Project Zip

52209-9701

CD

IA-02

Jobs Reported

26

NAICS Code

453998

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20400.00

Payroll Proceed

196600.00

Mortgage Interest Proceed

5000.00

Rent Proceed

1000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

15000

Business Type

Corporation

Originating Lender Location Id

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

239976.72

Forgiveness Date

02/09/2021

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