PPP Loan information for Acme electric company

$1,772,800

Acme electric company was initially approved for PPP Loan of amount $1,772,800, the current approved amount is $1,772,800. The loan was approved on 04/04/2020 by The Farmers & Merchants Savings Bank reported 102 jobs and $1,772,800 was used to fund payroll.

Acme electric company is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Acme electric company

ACME ELECTRIC COMPANY

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

ACME ELECTRIC COMPANY

Borrower Address

1060 Capital Dr SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-9053

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1772800.00

Current Approval Amount

1772800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-9053

CD

IA-02

Jobs Reported

102

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1772800.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1786194.49

Forgiveness Date

01/12/2021

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