PPP Loan information for Infinite computing systems inc.

$564,422

Infinite computing systems inc. was initially approved for PPP Loan of amount $564,422, the current approved amount is $564,422. The loan was approved on 02/10/2021 by The Cedar Rapids Bank and Trust Company reported 32 jobs and $564,422 was used to fund payroll.

Infinite computing systems inc. is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Infinite computing systems inc.

INFINITE COMPUTING SYSTEMS INC.

Date Approved

02/10/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

INFINITE COMPUTING SYSTEMS INC.

Borrower Address

425 2nd St SE Ste 600

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52401-1824

Loan Status Date

11/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

564422.00

Current Approval Amount

564422.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Cedar Rapids

Project County Name

LINN

Project State

IA

Project Zip

52401-1824

CD

IA-02

Jobs Reported

32

NAICS Code

541512

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

564420.00

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

568294.56

Forgiveness Date

10/25/2021

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