PPP Loan information for Ramco innovations, inc.

$984,000

Ramco innovations, inc. was initially approved for PPP Loan of amount $984,000, the current approved amount is $984,000. The loan was approved on 04/04/2020 by The Bank Iowa reported 58 jobs and $984,000 was used to fund payroll.

Ramco innovations, inc. is Existing or more than 2 years old

PPP Loan Search / IA / WEST DES MOINES / Ramco innovations, inc.

RAMCO INNOVATIONS, INC.

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

RAMCO INNOVATIONS, INC.

Borrower Address

1207 MAPLE ST

Borrower City

WEST DES MOINES

Borrower State

IA

Borrower Zip

50265-4423

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

984000.00

Current Approval Amount

984000.00

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

IA

Servicing Lender Zip

50266-5831

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WEST DES MOINES

Project County Name

POLK

Project State

IA

Project Zip

50265-4423

CD

IA-03

Jobs Reported

58

NAICS Code

423610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

136841.00

Payroll Proceed

798659.00

Mortgage Interest Proceed

15000.00

Rent Proceed

27400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6100

Business Type

Corporation

Originating Lender Location Id

24768

Originating Lender

Bank Iowa

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

993184.00

Forgiveness Date

03/16/2021

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