PPP Loan information for Arrow components corporation

$122,500

Arrow components corporation was initially approved for PPP Loan of amount $122,500, the current approved amount is $122,500. The loan was approved on 04/12/2020 by The MidWestOne Bank reported 8 jobs and $122,500 was used to fund payroll.

Arrow components corporation is Existing or more than 2 years old

PPP Loan Search / MN / RAMSEY / Arrow components corporation

ARROW COMPONENTS CORPORATION

Date Approved

04/12/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ARROW COMPONENTS CORPORATION

Borrower Address

6230 MCKINLEY ST NW, SUITE A

Borrower City

RAMSEY

Borrower State

MN

Borrower Zip

55303-8602

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

122500.00

Current Approval Amount

122500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAMSEY

Project County Name

ANOKA

Project State

MN

Project Zip

55303-8602

CD

MN-06

Jobs Reported

8

NAICS Code

339999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7656.25

Payroll Proceed

91875.00

Mortgage Interest Proceed

7656.25

Rent Proceed

7656.25

Refinance EIDL Proceed

0.00

Health Care Proceed

7656.25

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

123558.26

Forgiveness Date

02/19/2021

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