PPP Loan information for Gerard electric inc.

$685,000

Gerard electric inc. was initially approved for PPP Loan of amount $685,000, the current approved amount is $685,000. The loan was approved on 02/09/2021 by The MidWestOne Bank reported 30 jobs and $685,000 was used to fund payroll.

Gerard electric inc. is Existing or more than 2 years old

PPP Loan Search / IA / Iowa City / Gerard electric inc.

GERARD ELECTRIC INC.

Date Approved

02/09/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

GERARD ELECTRIC INC.

Borrower Address

1807 Stevens Dr

Borrower City

Iowa City

Borrower State

IA

Borrower Zip

52240-4361

Loan Status Date

11/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

685000.00

Current Approval Amount

685000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Iowa City

Project County Name

JOHNSON

Project State

IA

Project Zip

52240-4361

CD

IA-01

Jobs Reported

30

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

684997.00

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

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

689909.17

Forgiveness Date

10/29/2021

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