PPP Loan information for King automotive salvage center

$35,000

King automotive salvage center was initially approved for PPP Loan of amount $35,000, the current approved amount is $35,000. The loan was approved on 04/15/2020 by The MidWestOne Bank reported 4 jobs and $35,000 was used to fund payroll.

King automotive salvage center is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR FALLS / King automotive salvage center

KING AUTOMOTIVE SALVAGE CENTER

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

KING AUTOMOTIVE SALVAGE CENTER

Borrower Address

1627 E Dunkerton Road C/O Jerry King

Borrower City

CEDAR FALLS

Borrower State

IA

Borrower Zip

50613

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35000.00

Current Approval Amount

35000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR FALLS

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50613-0008

CD

IA-02

Jobs Reported

4

NAICS Code

423140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2187.50

Payroll Proceed

26250.00

Mortgage Interest Proceed

2187.50

Rent Proceed

2187.50

Refinance EIDL Proceed

0.00

Health Care Proceed

2187.50

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

35352.92

Forgiveness Date

04/23/2021

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