PPP Loan information for Russell's electric inc

$18,250

Russell's electric inc was initially approved for PPP Loan of amount $18,250, the current approved amount is $18,250. The loan was approved on 02/06/2021 by The Peoples Bank reported 5 jobs and $18,250 was used to fund payroll.

Russell's electric inc is Existing or more than 2 years old

PPP Loan Search / IA / Sioux Center / Russell's electric inc

RUSSELL'S ELECTRIC INC

Date Approved

02/06/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

RUSSELL'S ELECTRIC INC

Borrower Address

3142 370th St

Borrower City

Sioux Center

Borrower State

IA

Borrower Zip

51250-7540

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

18250.00

Current Approval Amount

18250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25196

Servicing Lender Name

Peoples Bank

Servicing Lender Address

1230 Valley Dr

Servicing Lender City

ROCK VALLEY

Servicing Lender State

IA

Servicing Lender Zip

51247-1538

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sioux Center

Project County Name

SIOUX

Project State

IA

Project Zip

51250-7540

CD

IA-04

Jobs Reported

5

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

18247.00

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

Subchapter S Corporation

Originating Lender Location Id

25196

Originating Lender

Peoples Bank

Originating Lender City

ROCK VALLEY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

18381.81

Forgiveness Date

10/29/2021

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