PPP Loan information for Cit charters, inc

$295,400

Cit charters, inc was initially approved for PPP Loan of amount $295,400, the current approved amount is $295,400. The loan was approved on 04/30/2020 by The Franklin Bank & Trust Company reported 24 jobs and $295,400 was used to fund payroll.

Cit charters, inc is Existing or more than 2 years old

PPP Loan Search / IA / Ames / Cit charters, inc

CIT CHARTERS, INC

Date Approved

04/30/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

CIT CHARTERS, INC

Borrower Address

1501 E. Lincoln Way

Borrower City

Ames

Borrower State

IA

Borrower Zip

50010-6538

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

295400.00

Current Approval Amount

295400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27010

Servicing Lender Name

Franklin Bank & Trust Company

Servicing Lender Address

317 N Main St

Servicing Lender City

FRANKLIN

Servicing Lender State

KY

Servicing Lender Zip

42134-1815

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

50010-6538

CD

IA-04

Jobs Reported

24

NAICS Code

485510

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

29540.00

Payroll Proceed

221550.00

Mortgage Interest Proceed

0.00

Rent Proceed

44310.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

27010

Originating Lender

Franklin Bank & Trust Company

Originating Lender City

FRANKLIN

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

274153.98

Forgiveness Date

07/06/2021

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