PPP Loan information for Farmers cooperative elevator of ottosen

$219,900

Farmers cooperative elevator of ottosen was initially approved for PPP Loan of amount $219,900, the current approved amount is $219,900. The loan was approved on 04/08/2020 by The Bank Iowa reported 18 jobs and $219,900 was used to fund payroll.

Farmers cooperative elevator of ottosen is Existing or more than 2 years old

PPP Loan Search / IA / OTTOSEN / Farmers cooperative elevator of ottosen

FARMERS COOPERATIVE ELEVATOR OF OTTOSEN

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

FARMERS COOPERATIVE ELEVATOR OF OTTOSEN

Borrower Address

71 Brady Ave., P.O. Box 8

Borrower City

OTTOSEN

Borrower State

IA

Borrower Zip

50570-0008

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

219900.00

Current Approval Amount

219900.00

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

IA

Servicing Lender Zip

50266-5831

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OTTOSEN

Project County Name

HUMBOLDT

Project State

IA

Project Zip

50570-0008

CD

IA-04

Jobs Reported

18

NAICS Code

493130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

22000.00

Payroll Proceed

197900.00

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

Cooperative

Originating Lender Location Id

24768

Originating Lender

Bank Iowa

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

221976.83

Forgiveness Date

03/24/2021

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