PPP Loan information for Adams thermal systems inc.

$2,000,000

Adams thermal systems inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/13/2021 by The American State Bank reported 200 jobs and $2,000,000 was used to fund payroll.

Adams thermal systems inc. is Existing or more than 2 years old

PPP Loan Search / SD / Canton / Adams thermal systems inc.

ADAMS THERMAL SYSTEMS INC.

Date Approved

03/13/2021

SBA Office Code

0876

Processing Method

PPS

Borrower Name

ADAMS THERMAL SYSTEMS INC.

Borrower Address

47920 W 5th St

Borrower City

Canton

Borrower State

SD

Borrower Zip

57013-5802

Loan Status Date

11/05/2021

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

25469

Servicing Lender Name

American State Bank

Servicing Lender Address

525 N Main Ave

Servicing Lender City

SIOUX CENTER

Servicing Lender State

IA

Servicing Lender Zip

51250-1823

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Canton

Project County Name

LINCOLN

Project State

SD

Project Zip

57013-5802

CD

SD-

Jobs Reported

200

NAICS Code

336390

Race

White

Ethnicity

Not Hispanic or Latino

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

Subchapter S Corporation

Originating Lender Location Id

25469

Originating Lender

American State Bank

Originating Lender City

SIOUX CENTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2011616.44

Forgiveness Date

10/14/2021

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