PPP Loan information for Ideal steel inc

$2,000,000

Ideal steel inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 05/11/2021 by The Banner Bank reported 172 jobs and $2,000,000 was used to fund payroll.

Ideal steel inc is Existing or more than 2 years old

PPP Loan Search / OR / Eugene / Ideal steel inc

IDEAL STEEL INC

Date Approved

05/11/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

IDEAL STEEL INC

Borrower Address

90693 Link Rd

Borrower City

Eugene

Borrower State

OR

Borrower Zip

97402-9647

Loan Status Date

03/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79430

Servicing Lender Name

Banner Bank

Servicing Lender Address

10 S First Ave

Servicing Lender City

WALLA WALLA

Servicing Lender State

WA

Servicing Lender Zip

99362-1942

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Eugene

Project County Name

LANE

Project State

OR

Project Zip

97402-9647

CD

OR-04

Jobs Reported

172

NAICS Code

332111

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

Subchapter S Corporation

Originating Lender Location Id

79430

Originating Lender

Banner Bank

Originating Lender City

WALLA WALLA

Originating Lender State

WA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2014246.58

Forgiveness Date

01/31/2022

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