PPP Loan information for Simco drilling equipment, inc.

$229,600

Simco drilling equipment, inc. was initially approved for PPP Loan of amount $229,600, the current approved amount is $229,600. The loan was approved on 04/06/2020 by The American State Bank reported 21 jobs and $229,600 was used to fund payroll.

Simco drilling equipment, inc. is Existing or more than 2 years old

PPP Loan Search / IA / OSCEOLA / Simco drilling equipment, inc.

SIMCO DRILLING EQUIPMENT, INC.

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SIMCO DRILLING EQUIPMENT, INC.

Borrower Address

802 Furnas Drive

Borrower City

OSCEOLA

Borrower State

IA

Borrower Zip

50213-9600

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

229600.00

Current Approval Amount

229600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25350

Servicing Lender Name

American State Bank

Servicing Lender Address

1000 Jeffreys Dr

Servicing Lender City

OSCEOLA

Servicing Lender State

IA

Servicing Lender Zip

50213-9500

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OSCEOLA

Project County Name

CLARKE

Project State

IA

Project Zip

50213-9600

CD

IA-03

Jobs Reported

21

NAICS Code

336212

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7614.00

Payroll Proceed

221986.00

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

Corporation

Originating Lender Location Id

25350

Originating Lender

American State Bank

Originating Lender City

OSCEOLA

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

230858.08

Forgiveness Date

11/03/2020

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