PPP Loan information for Iowa lube inc.

$221,000

Iowa lube inc. was initially approved for PPP Loan of amount $221,000, the current approved amount is $221,000. The loan was approved on 04/08/2020 by The Farmers State Bank reported 36 jobs and $221,000 was used to fund payroll.

Iowa lube inc. is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Iowa lube inc.

IOWA LUBE INC.

Date Approved

04/08/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

IOWA LUBE INC.

Borrower Address

1888 BLAIRS FERRY RD

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52402-5873

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

221000.00

Current Approval Amount

221000.00

Undisbursed Amount

0.00

Franchise Name

Jiffy Lube

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

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

52402-5873

CD

IA-02

Jobs Reported

36

NAICS Code

811111

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

11050.00

Payroll Proceed

176800.00

Mortgage Interest Proceed

11050.00

Rent Proceed

22100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

222479.47

Forgiveness Date

12/15/2020

;