Date Approved
02/26/2021
SBA Office Code
0736
Processing Method
PPS
Borrower Name
SOVERN CONSTRUCTION & HOME CENTER INC.
Borrower Address
14564 Washington Rd
Borrower City
West Burlington
Borrower State
IA
Borrower Zip
52655-8647
Loan Status Date
03/19/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
59900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
25013
Servicing Lender Name
Connection Bank
Servicing Lender Address
636 Ave G
Servicing Lender City
FORT MADISON
Servicing Lender State
Servicing Lender Zip
52627-2925
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
DES MOINES
Project State
Project Zip
CD
IA-01
Jobs Reported
7
NAICS Code
236115
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
59896.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
60251.19
Forgiveness Date
09/29/2021