PPP Loan information for Novak electric, inc.

$220,332

Novak electric, inc. was initially approved for PPP Loan of amount $220,332, the current approved amount is $220,332. The loan was approved on 04/09/2020 by The Linn Area CU reported 23 jobs and $220,332 was used to fund payroll.

Novak electric, inc. is Existing or more than 2 years old

PPP Loan Search / IA / FAIRFAX / Novak electric, inc.

NOVAK ELECTRIC, INC.

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

NOVAK ELECTRIC, INC.

Borrower Address

440 Highland Ave

Borrower City

FAIRFAX

Borrower State

IA

Borrower Zip

52228-9617

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

220331.51

Current Approval Amount

220331.51

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

96866

Servicing Lender Name

Linn Area CU

Servicing Lender Address

3015 Blairs Ferry Rd NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1832

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRFAX

Project County Name

LINN

Project State

IA

Project Zip

52228-9617

CD

IA-02

Jobs Reported

23

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

853.68

Payroll Proceed

195579.85

Mortgage Interest Proceed

2492.44

Rent Proceed

3800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17605.54

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

96866

Originating Lender

Linn Area CU

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

222015.69

Forgiveness Date

01/20/2021

;