PPP Loan information for Industrial energy applications, inc.

$157,300

Industrial energy applications, inc. was initially approved for PPP Loan of amount $115,600, the current approved amount is $157,300. The loan was approved on 04/04/2020 by The Cedar Rapids Bank and Trust Company reported 9 jobs and $157,300 was used to fund payroll.

Industrial energy applications, inc. is Existing or more than 2 years old

PPP Loan Search / IA / HIAWATHA / Industrial energy applications, inc.

INDUSTRIAL ENERGY APPLICATIONS, INC.

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

INDUSTRIAL ENERGY APPLICATIONS, INC.

Borrower Address

2050 Boyson Road

Borrower City

HIAWATHA

Borrower State

IA

Borrower Zip

52233-2396

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

115600.00

Current Approval Amount

157300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIAWATHA

Project County Name

LINN

Project State

IA

Project Zip

52233-2396

CD

IA-02

Jobs Reported

9

NAICS Code

532490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

157300.00

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

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

158313.71

Forgiveness Date

12/16/2020

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