PPP Loan information for The vernon company

$2,000,000

The vernon company was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 05/07/2021 by The U.S. Bank, National Association reported 224 jobs and $2,000,000 was used to fund payroll.

The vernon company is Existing or more than 2 years old

PPP Loan Search / IA / Newton / The vernon company

THE VERNON COMPANY

Date Approved

05/07/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

THE VERNON COMPANY

Borrower Address

604 W 4th St N

Borrower City

Newton

Borrower State

IA

Borrower Zip

50208-2046

Loan Status Date

01/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newton

Project County Name

JASPER

Project State

IA

Project Zip

50208-2046

CD

IA-01

Jobs Reported

224

NAICS Code

424990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999999.00

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012055.56

Forgiveness Date

12/21/2021

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