PPP Loan information for Wellsburg automotive

$7,500

Wellsburg automotive was initially approved for PPP Loan of amount $7,500, the current approved amount is $7,500. The loan was approved on 04/03/2020 by The Peoples Savings Bank reported 1 jobs and $7,500 was used to fund payroll.

Wellsburg automotive is New Business or 2 years or less

PPP Loan Search / IA / WELLSBURG / Wellsburg automotive

WELLSBURG AUTOMOTIVE

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

WELLSBURG AUTOMOTIVE

Borrower Address

509 N Washington

Borrower City

WELLSBURG

Borrower State

IA

Borrower Zip

50680

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7500.00

Current Approval Amount

7500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25575

Servicing Lender Name

Peoples Savings Bank

Servicing Lender Address

414 N Adams St

Servicing Lender City

WELLSBURG

Servicing Lender State

IA

Servicing Lender Zip

50680

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WELLSBURG

Project County Name

GRUNDY

Project State

IA

Project Zip

50680-0001

CD

IA-02

Jobs Reported

1

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

500.00

Payroll Proceed

6800.00

Mortgage Interest Proceed

200.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

25575

Originating Lender

Peoples Savings Bank

Originating Lender City

WELLSBURG

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

7541.10

Forgiveness Date

11/02/2020

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