PPP Loan information for Powercom motor control corp

$53,425

Powercom motor control corp was initially approved for PPP Loan of amount $53,425, the current approved amount is $53,425. The loan was approved on 01/20/2021 by The Federation Bank reported 5 jobs and $53,425 was used to fund payroll.

Powercom motor control corp is Existing or more than 2 years old

PPP Loan Search / IA / Washington / Powercom motor control corp

POWERCOM MOTOR CONTROL CORP

Date Approved

01/20/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

POWERCOM MOTOR CONTROL CORP

Borrower Address

210 N Marion Ave

Borrower City

Washington

Borrower State

IA

Borrower Zip

52353-1919

Loan Status Date

09/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53425.00

Current Approval Amount

53425.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24616

Servicing Lender Name

Federation Bank

Servicing Lender Address

300 S Iowa Ave

Servicing Lender City

Washington

Servicing Lender State

IA

Servicing Lender Zip

52353

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Washington

Project County Name

WASHINGTON

Project State

IA

Project Zip

52353-1919

CD

IA-01

Jobs Reported

5

NAICS Code

335311

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53423.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

24616

Originating Lender

Federation Bank

Originating Lender City

Washington

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

53725.06

Forgiveness Date

08/20/2021

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