PPP Loan information for North iowa cooperative elevator

$622,300

North iowa cooperative elevator was initially approved for PPP Loan of amount $622,300, the current approved amount is $622,300. The loan was approved on 04/09/2020 by The Clear Lake Bank & Trust Company reported 50 jobs and $622,300 was used to fund payroll.

North iowa cooperative elevator is Existing or more than 2 years old

PPP Loan Search / IA / THORNTON / North iowa cooperative elevator

NORTH IOWA COOPERATIVE ELEVATOR

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

NORTH IOWA COOPERATIVE ELEVATOR

Borrower Address

105 S 1ST ST

Borrower City

THORNTON

Borrower State

IA

Borrower Zip

50479-6044

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

622300.00

Current Approval Amount

622300.00

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

THORNTON

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50479-6044

CD

IA-02

Jobs Reported

50

NAICS Code

424510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

34600.00

Payroll Proceed

466900.00

Mortgage Interest Proceed

0.00

Rent Proceed

112000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

8800

Business Type

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

625878.22

Forgiveness Date

11/12/2020

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