PPP Loan information for Engineered components co., inc

$53,600

Engineered components co., inc was initially approved for PPP Loan of amount $72,900, the current approved amount is $53,600. The loan was approved on 04/07/2020 by The Farmers State Bank reported 7 jobs and $53,600 was used to fund payroll.

Engineered components co., inc is Existing or more than 2 years old

PPP Loan Search / IA / FAIRFAX / Engineered components co., inc

ENGINEERED COMPONENTS CO., INC

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

ENGINEERED COMPONENTS CO., INC

Borrower Address

410 VANDERBILT ST

Borrower City

FAIRFAX

Borrower State

IA

Borrower Zip

52228-9508

Loan Status Date

11/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

72900.00

Current Approval Amount

53600.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRFAX

Project County Name

LINN

Project State

IA

Project Zip

52228-9508

CD

IA-02

Jobs Reported

7

NAICS Code

332912

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

45700.00

Mortgage Interest Proceed

0.00

Rent Proceed

2900.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

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

Non-Veteran

Non Profit

Forgiveness Amount

53878.42

Forgiveness Date

10/22/2020

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