PPP Loan information for Ideal industries, inc.

$707,000

Ideal industries, inc. was initially approved for PPP Loan of amount $707,000, the current approved amount is $707,000. The loan was approved on 04/03/2020 by The GNB Bank reported 85 jobs and $707,000 was used to fund payroll.

Ideal industries, inc. is Existing or more than 2 years old

PPP Loan Search / IA / OELWEIN / Ideal industries, inc.

IDEAL INDUSTRIES, INC.

Date Approved

04/03/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

IDEAL INDUSTRIES, INC.

Borrower Address

1001 Industrial Park Road

Borrower City

OELWEIN

Borrower State

IA

Borrower Zip

50662-3062

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

707000.00

Current Approval Amount

707000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25057

Servicing Lender Name

GNB Bank

Servicing Lender Address

529 G Ave

Servicing Lender City

GRUNDY CENTER

Servicing Lender State

IA

Servicing Lender Zip

50638-1651

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OELWEIN

Project County Name

FAYETTE

Project State

IA

Project Zip

50662-3062

CD

IA-02

Jobs Reported

85

NAICS Code

333111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

60600.00

Payroll Proceed

585800.00

Mortgage Interest Proceed

0.00

Rent Proceed

60600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25057

Originating Lender

GNB Bank

Originating Lender City

GRUNDY CENTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

712597.08

Forgiveness Date

01/20/2021

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