PPP Loan information for Ideal distributing inc.

$87,100

Ideal distributing inc. was initially approved for PPP Loan of amount $87,100, the current approved amount is $87,100. The loan was approved on 04/03/2020 by The Select Bank reported 10 jobs and $87,100 was used to fund payroll.

Ideal distributing inc. is Existing or more than 2 years old

PPP Loan Search / WV / BECKLEY / Ideal distributing inc.

IDEAL DISTRIBUTING INC.

Date Approved

04/03/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

IDEAL DISTRIBUTING INC.

Borrower Address

1020 N. Eisenhower Dr.

Borrower City

BECKLEY

Borrower State

WV

Borrower Zip

25801-3116

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87100.00

Current Approval Amount

87100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BECKLEY

Project County Name

RALEIGH

Project State

WV

Project Zip

25801-3116

CD

WV-01

Jobs Reported

10

NAICS Code

424130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

87100.00

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

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87849.30

Forgiveness Date

02/24/2021

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