PPP Loan information for Jacobs electric motors llc

$15,000

Jacobs electric motors llc was initially approved for PPP Loan of amount $15,000, the current approved amount is $15,000. The loan was approved on 01/26/2021 by The First State Bank reported 3 jobs and $15,000 was used to fund payroll.

Jacobs electric motors llc is Existing or more than 2 years old

PPP Loan Search / IA / Newton / Jacobs electric motors llc

JACOBS ELECTRIC MOTORS LLC

Date Approved

01/26/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

JACOBS ELECTRIC MOTORS LLC

Borrower Address

1324 S 5th Ave E

Borrower City

Newton

Borrower State

IA

Borrower Zip

50208-4034

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

15000.00

Current Approval Amount

15000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25209

Servicing Lender Name

First State Bank

Servicing Lender Address

413 East St

Servicing Lender City

LYNNVILLE

Servicing Lender State

IA

Servicing Lender Zip

50153-8553

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newton

Project County Name

JASPER

Project State

IA

Project Zip

50208-4034

CD

IA-01

Jobs Reported

3

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

14997.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25209

Originating Lender

First State Bank

Originating Lender City

LYNNVILLE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

15072.92

Forgiveness Date

07/23/2021

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