PPP Loan information for Carroll distributing and construction supply esop

$3,897,600

Carroll distributing and construction supply esop was initially approved for PPP Loan of amount $3,897,600, the current approved amount is $3,897,600. The loan was approved on 04/13/2020 by The Cedar Rapids Bank and Trust Company reported 316 jobs and $3,897,600 was used to fund payroll.

Carroll distributing and construction supply esop is Existing or more than 2 years old

PPP Loan Search / IA / OTTUMWA / Carroll distributing and construction supply esop

CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP

Date Approved

04/13/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP

Borrower Address

207 W 2nd Street, Suite 3

Borrower City

OTTUMWA

Borrower State

IA

Borrower Zip

52501-2504

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3897600.00

Current Approval Amount

3897600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OTTUMWA

Project County Name

WAPELLO

Project State

IA

Project Zip

52501-2504

CD

IA-03

Jobs Reported

316

NAICS Code

423810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3897600.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3942422.40

Forgiveness Date

06/11/2021

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