PPP Loan information for Rauen precision machining inc

$301,900

Rauen precision machining inc was initially approved for PPP Loan of amount $301,900, the current approved amount is $301,900. The loan was approved on 04/11/2020 by The MidWestOne Bank reported 24 jobs and $301,900 was used to fund payroll.

Rauen precision machining inc is Existing or more than 2 years old

PPP Loan Search / IA / FARLEY / Rauen precision machining inc

RAUEN PRECISION MACHINING INC

Date Approved

04/11/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

RAUEN PRECISION MACHINING INC

Borrower Address

951 9th Ave NW

Borrower City

FARLEY

Borrower State

IA

Borrower Zip

52046-9408

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

301900.00

Current Approval Amount

301900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARLEY

Project County Name

DUBUQUE

Project State

IA

Project Zip

52046-9408

CD

IA-02

Jobs Reported

24

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18868.75

Payroll Proceed

226425.00

Mortgage Interest Proceed

18868.75

Rent Proceed

18868.75

Refinance EIDL Proceed

18868.75

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

303736.56

Forgiveness Date

11/19/2020

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