PPP Loan information for Channel fusion, inc.

$1,062,800

Channel fusion, inc. was initially approved for PPP Loan of amount $1,062,800, the current approved amount is $1,062,800. The loan was approved on 04/07/2020 by The Farmers & Merchants Savings Bank reported 75 jobs and $1,062,800 was used to fund payroll.

Channel fusion, inc. is Existing or more than 2 years old

PPP Loan Search / IA / HIAWATHA / Channel fusion, inc.

CHANNEL FUSION, INC.

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

CHANNEL FUSION, INC.

Borrower Address

1365 NORTH CENTER POINT RD

Borrower City

HIAWATHA

Borrower State

IA

Borrower Zip

52233-1239

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1062800.00

Current Approval Amount

1062800.00

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

HIAWATHA

Project County Name

LINN

Project State

IA

Project Zip

52233-1239

CD

IA-02

Jobs Reported

75

NAICS Code

541613

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1062800.00

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

Corporation

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

1068733.97

Forgiveness Date

11/03/2020

;