PPP Loan information for Iowa aluminum inc

$485,900

Iowa aluminum inc was initially approved for PPP Loan of amount $485,900, the current approved amount is $485,900. The loan was approved on 04/07/2020 by The Cedar Rapids Bank and Trust Company reported 45 jobs and $485,900 was used to fund payroll.

Iowa aluminum inc is Existing or more than 2 years old

PPP Loan Search / IA / ALBIA / Iowa aluminum inc

IOWA ALUMINUM INC

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

IOWA ALUMINUM INC

Borrower Address

10 27TH AVE

Borrower City

ALBIA

Borrower State

IA

Borrower Zip

52531-8595

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

485900.00

Current Approval Amount

485900.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBIA

Project County Name

MONROE

Project State

IA

Project Zip

52531-8595

CD

IA-03

Jobs Reported

45

NAICS Code

331313

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

485900.00

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

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

490043.65

Forgiveness Date

02/24/2021

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