PPP Loan information for Iowa distribution services inc

$369,400

Iowa distribution services inc was initially approved for PPP Loan of amount $369,400, the current approved amount is $369,400. The loan was approved on 04/09/2020 by The Farmers State Bank reported 34 jobs and $369,400 was used to fund payroll.

Iowa distribution services inc is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Iowa distribution services inc

IOWA DISTRIBUTION SERVICES INC

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

IOWA DISTRIBUTION SERVICES INC

Borrower Address

420 50TH AVENUE CT SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-4410

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

369400.00

Current Approval Amount

369400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-4410

CD

IA-02

Jobs Reported

34

NAICS Code

485999

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

369400.00

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

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

373032.43

Forgiveness Date

04/08/2021

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