PPP Loan information for Ideal industries inc

$707,092

Ideal industries inc was initially approved for PPP Loan of amount $707,092, the current approved amount is $707,092. The loan was approved on 01/20/2021 by The GNB Bank reported 85 jobs and $707,092 was used to fund payroll.

Ideal industries inc is Existing or more than 2 years old

PPP Loan Search / IA / Vinton / Ideal industries inc

IDEAL INDUSTRIES INC

Date Approved

01/20/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

IDEAL INDUSTRIES INC

Borrower Address

1705 W E St

Borrower City

Vinton

Borrower State

IA

Borrower Zip

52349-2516

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

707092.00

Current Approval Amount

707092.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25057

Servicing Lender Name

GNB Bank

Servicing Lender Address

529 G Ave

Servicing Lender City

GRUNDY CENTER

Servicing Lender State

IA

Servicing Lender Zip

50638-1651

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Vinton

Project County Name

BENTON

Project State

IA

Project Zip

52349-2516

CD

IA-02

Jobs Reported

85

NAICS Code

333111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

707089.00

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

25057

Originating Lender

GNB Bank

Originating Lender City

GRUNDY CENTER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

711727.38

Forgiveness Date

09/21/2021

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