PPP Loan information for Douglas machine and engineering, llc

$284,000

Douglas machine and engineering, llc was initially approved for PPP Loan of amount $284,000, the current approved amount is $284,000. The loan was approved on 01/19/2021 by The Farmers & Merchants Savings Bank reported 21 jobs and $284,000 was used to fund payroll.

Douglas machine and engineering, llc is Existing or more than 2 years old

PPP Loan Search / IA / Davenport / Douglas machine and engineering, llc

DOUGLAS MACHINE AND ENGINEERING, LLC

Date Approved

01/19/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

DOUGLAS MACHINE AND ENGINEERING, LLC

Borrower Address

1721 W 5th St

Borrower City

Davenport

Borrower State

IA

Borrower Zip

52802-1002

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

284000.00

Current Approval Amount

284000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Davenport

Project County Name

SCOTT

Project State

IA

Project Zip

52802-1002

CD

IA-01

Jobs Reported

21

NAICS Code

333515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

283999.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

285546.22

Forgiveness Date

08/10/2021

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