PPP Loan information for Morris insurance agency inc

$48,000

Morris insurance agency inc was initially approved for PPP Loan of amount $48,000, the current approved amount is $48,000. The loan was approved on 04/06/2020 by The Farmers Savings Bank & Trust reported 6 jobs and $48,000 was used to fund payroll.

Morris insurance agency inc is Existing or more than 2 years old

PPP Loan Search / IA / TRAER / Morris insurance agency inc

MORRIS INSURANCE AGENCY INC

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MORRIS INSURANCE AGENCY INC

Borrower Address

413 2nd Street

Borrower City

TRAER

Borrower State

IA

Borrower Zip

50675-1136

Loan Status Date

11/06/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48000.00

Current Approval Amount

48000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25540

Servicing Lender Name

Farmers Savings Bank & Trust

Servicing Lender Address

611 Second St

Servicing Lender City

TRAER

Servicing Lender State

IA

Servicing Lender Zip

50675-1230

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TRAER

Project County Name

TAMA

Project State

IA

Project Zip

50675-1136

CD

IA-02

Jobs Reported

6

NAICS Code

524210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

41958.00

Mortgage Interest Proceed

0.00

Rent Proceed

6042.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25540

Originating Lender

Farmers Savings Bank & Trust

Originating Lender City

TRAER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

48270.67

Forgiveness Date

11/02/2020

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