PPP Loan information for Hupp electric motors, inc.

$3,246,500

Hupp electric motors, inc. was initially approved for PPP Loan of amount $3,246,500, the current approved amount is $3,246,500. The loan was approved on 04/07/2020 by The Cedar Rapids Bank and Trust Company reported 235 jobs and $3,246,500 was used to fund payroll.

Hupp electric motors, inc. is Existing or more than 2 years old

PPP Loan Search / IA / MARION / Hupp electric motors, inc.

HUPP ELECTRIC MOTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

HUPP ELECTRIC MOTORS, INC.

Borrower Address

500 57TH ST

Borrower City

MARION

Borrower State

IA

Borrower Zip

52302-3801

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3246500.00

Current Approval Amount

3246500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARION

Project County Name

LINN

Project State

IA

Project Zip

52302-3801

CD

IA-02

Jobs Reported

235

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3246500.00

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

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3285277.64

Forgiveness Date

06/25/2021

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