PPP Loan information for Draintech, inc.

$180,800

Draintech, inc. was initially approved for PPP Loan of amount $180,800, the current approved amount is $180,800. The loan was approved on 04/08/2020 by The First National Bank Ames, Iowa reported 16 jobs and $180,800 was used to fund payroll.

Draintech, inc. is Existing or more than 2 years old

PPP Loan Search / IA / AMES / Draintech, inc.

DRAINTECH, INC.

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

DRAINTECH, INC.

Borrower Address

2825 Wakefield Circle

Borrower City

AMES

Borrower State

IA

Borrower Zip

50010-7725

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

180800.00

Current Approval Amount

180800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24544

Servicing Lender Name

First National Bank Ames, Iowa

Servicing Lender Address

405 5th St

Servicing Lender City

AMES

Servicing Lender State

IA

Servicing Lender Zip

50010-6103

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AMES

Project County Name

STORY

Project State

IA

Project Zip

50010-7725

CD

IA-04

Jobs Reported

16

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18080.00

Payroll Proceed

144640.00

Mortgage Interest Proceed

0.00

Rent Proceed

18080.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24544

Originating Lender

First National Bank Ames, Iowa

Originating Lender City

AMES

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

182850.72

Forgiveness Date

06/04/2021

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