PPP Loan information for Loras drilling & sons inc

$62,800

Loras drilling & sons inc was initially approved for PPP Loan of amount $62,800, the current approved amount is $62,800. The loan was approved on 05/06/2020 by The Bank Iowa reported 7 jobs and $62,800 was used to fund payroll.

Loras drilling & sons inc is Existing or more than 2 years old

PPP Loan Search / IA / WAUCOMA / Loras drilling & sons inc

LORAS DRILLING & SONS INC

Date Approved

05/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

LORAS DRILLING & SONS INC

Borrower Address

18559 290TH ST

Borrower City

WAUCOMA

Borrower State

IA

Borrower Zip

52171-7551

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

62800.00

Current Approval Amount

62800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24768

Servicing Lender Name

Bank Iowa

Servicing Lender Address

1150 Jordan Creek Pkwy

Servicing Lender City

WEST DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50266-5831

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAUCOMA

Project County Name

FAYETTE

Project State

IA

Project Zip

52171-7551

CD

IA-02

Jobs Reported

7

NAICS Code

237990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

62800.00

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

24768

Originating Lender

Bank Iowa

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

63666.99

Forgiveness Date

09/23/2021

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