PPP Loan information for Merschman seeds, inc

$861,905

Merschman seeds, inc was initially approved for PPP Loan of amount $861,905, the current approved amount is $861,905. The loan was approved on 04/06/2020 by The Lee County Bank reported 52 jobs and $861,905 was used to fund payroll.

Merschman seeds, inc is Existing or more than 2 years old

PPP Loan Search / IA / WEST POINT / Merschman seeds, inc

MERSCHMAN SEEDS, INC

Date Approved

04/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MERSCHMAN SEEDS, INC

Borrower Address

103 Ave D

Borrower City

WEST POINT

Borrower State

IA

Borrower Zip

52656-9446

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

861904.97

Current Approval Amount

861904.97

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25016

Servicing Lender Name

Lee County Bank

Servicing Lender Address

801 Ave 'F'

Servicing Lender City

FORT MADISON

Servicing Lender State

IA

Servicing Lender Zip

52627

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST POINT

Project County Name

LEE

Project State

IA

Project Zip

52656-9446

CD

IA-01

Jobs Reported

52

NAICS Code

424510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

172380.99

Payroll Proceed

689523.98

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

Corporation

Originating Lender Location Id

25016

Originating Lender

Lee County Bank

Originating Lender City

FORT MADISON

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

856666.30

Forgiveness Date

11/09/2020

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