PPP Loan information for Coral inc

$40,000

Coral inc was initially approved for PPP Loan of amount $40,000, the current approved amount is $40,000. The loan was approved on 04/06/2020 by The Grinnell State Bank reported 9 jobs and $40,000 was used to fund payroll.

Coral inc is Existing or more than 2 years old

PPP Loan Search / IA / CORALVILLE / Coral inc

CORAL INC

Date Approved

04/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

CORAL INC

Borrower Address

611 1st Ave

Borrower City

CORALVILLE

Borrower State

IA

Borrower Zip

52241-2101

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40000.00

Current Approval Amount

40000.00

Undisbursed Amount

0.00

Franchise Name

Super 8 by Wyndhan

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CORALVILLE

Project County Name

JOHNSON

Project State

IA

Project Zip

52241-2101

CD

IA-01

Jobs Reported

9

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

40000.00

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

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

40357.78

Forgiveness Date

03/08/2021

;