PPP Loan information for L & b electric, inc.

$17,758

L & b electric, inc. was initially approved for PPP Loan of amount $17,758, the current approved amount is $17,758. The loan was approved on 04/08/2020 by The Luana Savings Bank reported 2 jobs and $17,758 was used to fund payroll.

L & b electric, inc. is Existing or more than 2 years old

PPP Loan Search / IA / OSSIAN / L & b electric, inc.

L & B ELECTRIC, INC.

Date Approved

04/08/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

L & B ELECTRIC, INC.

Borrower Address

1975 155TH ST

Borrower City

OSSIAN

Borrower State

IA

Borrower Zip

52161-8038

Loan Status Date

11/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

17757.75

Current Approval Amount

17757.75

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25205

Servicing Lender Name

Luana Savings Bank

Servicing Lender Address

100 Harvest Dr

Servicing Lender City

LUANA

Servicing Lender State

IA

Servicing Lender Zip

52156-4700

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OSSIAN

Project County Name

WINNESHIEK

Project State

IA

Project Zip

52161-8038

CD

IA-02

Jobs Reported

2

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1775.78

Payroll Proceed

14206.20

Mortgage Interest Proceed

1775.77

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25205

Originating Lender

Luana Savings Bank

Originating Lender City

LUANA

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

17845.06

Forgiveness Date

10/13/2020

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