PPP Loan information for Prototype production machine

$15,500

Prototype production machine was initially approved for PPP Loan of amount $15,500, the current approved amount is $15,500. The loan was approved on 04/10/2020 by The Ohnward Bank & Trust reported 2 jobs and $15,500 was used to fund payroll.

Prototype production machine is Existing or more than 2 years old

PPP Loan Search / IA / WELLMAN / Prototype production machine

PROTOTYPE PRODUCTION MACHINE

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

PROTOTYPE PRODUCTION MACHINE

Borrower Address

108 9th Avenue

Borrower City

WELLMAN

Borrower State

IA

Borrower Zip

52356-9500

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

15500.00

Current Approval Amount

15500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24584

Servicing Lender Name

Ohnward Bank & Trust

Servicing Lender Address

332 1st Ave W

Servicing Lender City

CASCADE

Servicing Lender State

IA

Servicing Lender Zip

52033-7721

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WELLMAN

Project County Name

WASHINGTON

Project State

IA

Project Zip

52356-9500

CD

IA-01

Jobs Reported

2

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

15500.00

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

Sole Proprietorship

Originating Lender Location Id

24584

Originating Lender

Ohnward Bank & Trust

Originating Lender City

CASCADE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

15624.42

Forgiveness Date

02/03/2021

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