PPP Loan information for R & d industries, inc.

$416,000

R & d industries, inc. was initially approved for PPP Loan of amount $416,000, the current approved amount is $416,000. The loan was approved on 04/04/2020 by The Northwest Bank reported 30 jobs and $416,000 was used to fund payroll.

R & d industries, inc. is Existing or more than 2 years old

PPP Loan Search / IA / MILFORD / R & d industries, inc.

R & D INDUSTRIES, INC.

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

R & D INDUSTRIES, INC.

Borrower Address

812 10th St

Borrower City

MILFORD

Borrower State

IA

Borrower Zip

51351-1541

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

416000.00

Current Approval Amount

416000.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MILFORD

Project County Name

DICKINSON

Project State

IA

Project Zip

51351-1541

CD

IA-04

Jobs Reported

30

NAICS Code

541519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

376000.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

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

418334.22

Forgiveness Date

11/03/2020

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