PPP Loan information for Mn-iowa electric motors & equipment

$65,500

Mn-iowa electric motors & equipment was initially approved for PPP Loan of amount $65,500, the current approved amount is $65,500. The loan was approved on 04/08/2020 by The Clear Lake Bank & Trust Company reported 8 jobs and $65,500 was used to fund payroll.

Mn-iowa electric motors & equipment is Existing or more than 2 years old

PPP Loan Search / IA / MASON CITY / Mn-iowa electric motors & equipment

MN-IOWA ELECTRIC MOTORS & EQUIPMENT

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MN-IOWA ELECTRIC MOTORS & EQUIPMENT

Borrower Address

16455 LARK AVE

Borrower City

MASON CITY

Borrower State

IA

Borrower Zip

50401-9419

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

65500.00

Current Approval Amount

65500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24776

Servicing Lender Name

Clear Lake Bank & Trust Company

Servicing Lender Address

322 Main Ave

Servicing Lender City

CLEAR LAKE

Servicing Lender State

IA

Servicing Lender Zip

50428-1825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MASON CITY

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50401-9419

CD

IA-02

Jobs Reported

8

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4400.00

Payroll Proceed

56100.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24776

Originating Lender

Clear Lake Bank & Trust Company

Originating Lender City

CLEAR LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

65951.22

Forgiveness Date

12/22/2020

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