PPP Loan information for L & m electric llc

$31,000

L & m electric llc was initially approved for PPP Loan of amount $31,000, the current approved amount is $31,000. The loan was approved on 01/27/2021 by The Farmers State Bank reported 3 jobs and $31,000 was used to fund payroll.

L & m electric llc is Existing or more than 2 years old

PPP Loan Search / IA / Sumner / L & m electric llc

L & M ELECTRIC LLC

Date Approved

01/27/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

L & M ELECTRIC LLC

Borrower Address

203 Y Ave

Borrower City

Sumner

Borrower State

IA

Borrower Zip

50674-9716

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

31000.00

Current Approval Amount

31000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25124

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

131 Tower Park Dr, Ste 100

Servicing Lender City

WATERLOO

Servicing Lender State

IA

Servicing Lender Zip

50701-9374

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sumner

Project County Name

BREMER

Project State

IA

Project Zip

50674-9716

CD

IA-02

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

30997.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25124

Originating Lender

Farmers State Bank

Originating Lender City

WATERLOO

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

31302.25

Forgiveness Date

01/18/2022

;