PPP Loan information for Community motor co., inc.

$846,995

Community motor co., inc. was initially approved for PPP Loan of amount $846,995, the current approved amount is $846,995. The loan was approved on 04/27/2020 by The U.S. Bank, National Association reported 89 jobs and $846,995 was used to fund payroll.

Community motor co., inc. is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR FALLS / Community motor co., inc.

COMMUNITY MOTOR CO., INC.

Date Approved

04/27/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

COMMUNITY MOTOR CO., INC.

Borrower Address

4521 University Ave

Borrower City

CEDAR FALLS

Borrower State

IA

Borrower Zip

50613

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

846995.00

Current Approval Amount

846995.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR FALLS

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50613-0008

CD

IA-02

Jobs Reported

89

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

846995.00

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

Subchapter S Corporation

Originating Lender Location Id

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

854829.70

Forgiveness Date

03/31/2021

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