PPP Loan information for Advanced contract equipment and design lc

Date Approved

04/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

ADVANCED CONTRACT EQUIPMENT AND DESIGN LC

Borrower Address

6201 S GATEWAY DR

Borrower City

MARION

Borrower State

IA

Borrower Zip

52302-9430

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

278400.00

Current Approval Amount

278400.00

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

MARION

Project County Name

LINN

Project State

IA

Project Zip

52302-9430

CD

IA-02

Jobs Reported

34

NAICS Code

425120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

278400.00

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

Limited Liability Company(LLC)

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

269950.76

Forgiveness Date

11/05/2020