PPP Loan information for Packaging distribution services inc

$925,000

Packaging distribution services inc was initially approved for PPP Loan of amount $925,000, the current approved amount is $925,000. The loan was approved on 04/06/2020 by The Northwest Bank reported 57 jobs and $925,000 was used to fund payroll.

Packaging distribution services inc is Existing or more than 2 years old

PPP Loan Search / IA / DES MOINES / Packaging distribution services inc

PACKAGING DISTRIBUTION SERVICES INC

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

PACKAGING DISTRIBUTION SERVICES INC

Borrower Address

2308 Sunset Road

Borrower City

DES MOINES

Borrower State

IA

Borrower Zip

50321-1141

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

925000.00

Current Approval Amount

925000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

82664

Servicing Lender Name

Northwest Bank

Servicing Lender Address

705 Grand Ave

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-3707

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DES MOINES

Project County Name

POLK

Project State

IA

Project Zip

50321-1141

CD

IA-03

Jobs Reported

57

NAICS Code

424130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

665000.00

Mortgage Interest Proceed

9000.00

Rent Proceed

124000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

76000.00

Debt Interest Proceed

31000

Business Type

Subchapter S Corporation

Originating Lender Location Id

82664

Originating Lender

Northwest Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

930961.11

Forgiveness Date

12/04/2020

;