PPP Loan information for Local merchandise store inc.

$34,000

Local merchandise store inc. was initially approved for PPP Loan of amount $34,000, the current approved amount is $34,000. The loan was approved on 05/11/2020 by The MidWestOne Bank reported 9 jobs and $34,000 was used to fund payroll.

Local merchandise store inc. is Existing or more than 2 years old

PPP Loan Search / IA / Belle Plaine / Local merchandise store inc.

LOCAL MERCHANDISE STORE INC.

Date Approved

05/11/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

LOCAL MERCHANDISE STORE INC.

Borrower Address

827 12th st

Borrower City

Belle Plaine

Borrower State

IA

Borrower Zip

52208-1708

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34000.00

Current Approval Amount

34000.00

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

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Belle Plaine

Project County Name

BENTON

Project State

IA

Project Zip

52208-1708

CD

IA-02

Jobs Reported

9

NAICS Code

444130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

34000.00

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

Subchapter S 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

34250.28

Forgiveness Date

02/02/2021

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