PPP Loan information for Brown's heavy equipment, inc.

$254,718

Brown's heavy equipment, inc. was initially approved for PPP Loan of amount $254,718, the current approved amount is $254,718. The loan was approved on 07/23/2020 by The First National Bank Ames, Iowa reported 18 jobs and $254,718 was used to fund payroll.

Brown's heavy equipment, inc. is Existing or more than 2 years old

PPP Loan Search / IA / AMES / Brown's heavy equipment, inc.

BROWN'S HEAVY EQUIPMENT, INC.

Date Approved

07/23/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BROWN'S HEAVY EQUIPMENT, INC.

Borrower Address

1926 E LINCOLN WAY

Borrower City

AMES

Borrower State

IA

Borrower Zip

50010-6546

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

254717.50

Current Approval Amount

254717.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24544

Servicing Lender Name

First National Bank Ames, Iowa

Servicing Lender Address

405 5th St

Servicing Lender City

AMES

Servicing Lender State

IA

Servicing Lender Zip

50010-6103

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AMES

Project County Name

STORY

Project State

IA

Project Zip

50010-6546

CD

IA-04

Jobs Reported

18

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8500.00

Payroll Proceed

208117.50

Mortgage Interest Proceed

7500.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15600.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24544

Originating Lender

First National Bank Ames, Iowa

Originating Lender City

AMES

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

255457.23

Forgiveness Date

11/12/2020

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