PPP Loan information for Iowa corn processors, l.c.

$710,500

Iowa corn processors, l.c. was initially approved for PPP Loan of amount $710,500, the current approved amount is $710,500. The loan was approved on 04/10/2020 by The Commerce Bank reported 47 jobs and $710,500 was used to fund payroll.

Iowa corn processors, l.c. is New Business or 2 years or less

PPP Loan Search / IA / GLIDDEN / Iowa corn processors, l.c.

IOWA CORN PROCESSORS, L.C.

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

IOWA CORN PROCESSORS, L.C.

Borrower Address

20481 SYCAMORE AVE

Borrower City

GLIDDEN

Borrower State

IA

Borrower Zip

51443-8821

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

710500.00

Current Approval Amount

710500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

40781

Servicing Lender Name

Commerce Bank

Servicing Lender Address

1000 Walnut St, 11th Fl

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2107

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

GLIDDEN

Project County Name

CARROLL

Project State

IA

Project Zip

51443-8821

CD

IA-04

Jobs Reported

47

NAICS Code

311211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

75000.00

Payroll Proceed

560500.00

Mortgage Interest Proceed

75000.00

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

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

715828.75

Forgiveness Date

01/12/2021

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