PPP Loan information for City of lemars, iowa

$3,735,200

City of lemars, iowa was initially approved for PPP Loan of amount $3,735,200, the current approved amount is $3,735,200. The loan was approved on 04/14/2020 by The American Bank, National Association reported 331 jobs and $3,735,200 was used to fund payroll.

City of lemars, iowa is Existing or more than 2 years old

PPP Loan Search / IA / LE MARS / City of lemars, iowa

CITY OF LEMARS, IOWA

Date Approved

04/14/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

CITY OF LEMARS, IOWA

Borrower Address

40 CENTRAL AVE

Borrower City

LE MARS

Borrower State

IA

Borrower Zip

51031-3519

Loan Status Date

04/02/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3735200.00

Current Approval Amount

3735200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25420

Servicing Lender Name

American Bank, National Association

Servicing Lender Address

234 5th Ave SW

Servicing Lender City

LE MARS

Servicing Lender State

IA

Servicing Lender Zip

51031-1917

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LE MARS

Project County Name

PLYMOUTH

Project State

IA

Project Zip

51031-3519

CD

IA-04

Jobs Reported

331

NAICS Code

622110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3735200.00

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

Non-Profit Organization

Originating Lender Location Id

25420

Originating Lender

American Bank, National Association

Originating Lender City

LE MARS

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

3777873.38

Forgiveness Date

06/15/2021

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