Date Approved
04/10/2020
SBA Office Code
0761
Processing Method
PPP
Borrower Name
MTS IOWA, INC.
Borrower Address
503 1ST AVE N
Borrower City
ALTOONA
Borrower State
IA
Borrower Zip
50009-1433
Loan Status Date
12/17/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
309595.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
25416
Servicing Lender Name
Lincoln Savings Bank
Servicing Lender Address
508 Main Street PO Box E
Servicing Lender City
Reinbeck
Servicing Lender State
Servicing Lender Zip
50669
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
POLK
Project State
Project Zip
CD
IA-03
Jobs Reported
33
NAICS Code
811121
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
311340.77
Forgiveness Date
11/05/2020