Date Approved
04/11/2020
SBA Office Code
0761
Processing Method
PPP
Borrower Name
ORME ELECTRIC, INC
Borrower Address
507 W LOWELL AVE
Borrower City
SHENANDOAH
Borrower State
IA
Borrower Zip
51601-1213
Loan Status Date
11/06/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
16000.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
24768
Servicing Lender Name
Bank Iowa
Servicing Lender Address
1150 Jordan Creek Pkwy
Servicing Lender City
WEST DES MOINES
Servicing Lender State
Servicing Lender Zip
50266-5831
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
PAGE
Project State
Project Zip
CD
IA-03
Jobs Reported
2
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
500.00
Payroll Proceed
12800.00
Mortgage Interest Proceed
Rent Proceed
2700.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
16079.56
Forgiveness Date
10/13/2020