PPP Loan information for Reese electric motor co inc

$64,059

Reese electric motor co inc was initially approved for PPP Loan of amount $64,059, the current approved amount is $64,059. The loan was approved on 04/10/2020 by The First Interstate Bank reported 4 jobs and $64,059 was used to fund payroll.

Reese electric motor co inc is Existing or more than 2 years old

PPP Loan Search / IA / AMES / Reese electric motor co inc

REESE ELECTRIC MOTOR CO INC

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

REESE ELECTRIC MOTOR CO INC

Borrower Address

202 East ave

Borrower City

AMES

Borrower State

IA

Borrower Zip

50010-6650

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

64058.72

Current Approval Amount

64058.72

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41844

Servicing Lender Name

First Interstate Bank

Servicing Lender Address

401 N 31st St

Servicing Lender City

BILLINGS

Servicing Lender State

MT

Servicing Lender Zip

59101-1200

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AMES

Project County Name

STORY

Project State

IA

Project Zip

50010-6650

CD

IA-04

Jobs Reported

4

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

64058.72

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

41844

Originating Lender

First Interstate Bank

Originating Lender City

BILLINGS

Originating Lender State

MT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

64609.80

Forgiveness Date

03/03/2021

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