PPP Loan information for Sovern construction & home center inc.

$51,300

Sovern construction & home center inc. was initially approved for PPP Loan of amount $51,300, the current approved amount is $51,300. The loan was approved on 04/15/2020 by The Connection Bank reported 8 jobs and $51,300 was used to fund payroll.

Sovern construction & home center inc. is Existing or more than 2 years old

PPP Loan Search / IA / WEST BURLINGTON / Sovern construction & home center inc.

SOVERN CONSTRUCTION & HOME CENTER INC.

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

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

06/03/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51300.00

Current Approval Amount

51300.00

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

IA

Servicing Lender Zip

52627-2925

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST BURLINGTON

Project County Name

DES MOINES

Project State

IA

Project Zip

52655-8647

CD

IA-01

Jobs Reported

8

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

51300.00

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

25013

Originating Lender

Connection Bank

Originating Lender City

FORT MADISON

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51672.45

Forgiveness Date

01/07/2021

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