PPP Loan information for Joe bertsch electrical sales co.

$159,200

Joe bertsch electrical sales co. was initially approved for PPP Loan of amount $159,200, the current approved amount is $159,200. The loan was approved on 04/03/2020 by The Farmers & Merchants Savings Bank reported 10 jobs and $159,200 was used to fund payroll.

Joe bertsch electrical sales co. is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Joe bertsch electrical sales co.

JOE BERTSCH ELECTRICAL SALES CO.

Date Approved

04/03/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

JOE BERTSCH ELECTRICAL SALES CO.

Borrower Address

5832 Dry Creek Ln NE

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52402-1260

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

159200.00

Current Approval Amount

159200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

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

52402-1260

CD

IA-02

Jobs Reported

10

NAICS Code

423610

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

159200.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

160172.89

Forgiveness Date

11/20/2020

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