PPP Loan information for Iowa fluid power

$2,000,000

Iowa fluid power was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/09/2021 by The Cedar Rapids Bank and Trust Company reported 144 jobs and $2,000,000 was used to fund payroll.

Iowa fluid power is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Iowa fluid power

IOWA FLUID POWER

Date Approved

02/09/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

IOWA FLUID POWER

Borrower Address

1610 Blairs Ferry Rd NE

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52402-5806

Loan Status Date

04/14/2022

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

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

N

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

52402-5806

CD

IA-02

Jobs Reported

144

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

2022500.00

Forgiveness Date

03/25/2022

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