PPP Loan information for K & w electric inc

$1,253,796

K & w electric inc was initially approved for PPP Loan of amount $1,253,796, the current approved amount is $1,253,796. The loan was approved on 04/15/2020 by The BankIowa reported 108 jobs and $1,253,796 was used to fund payroll.

K & w electric inc is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR FALLS / K & w electric inc

K & W ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

K & W ELECTRIC INC

Borrower Address

1127 LINCOLN ST

Borrower City

CEDAR FALLS

Borrower State

IA

Borrower Zip

50613

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1253796.00

Current Approval Amount

1253796.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25325

Servicing Lender Name

BankIowa

Servicing Lender Address

7045 C Ave NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1378

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR FALLS

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50613-0008

CD

IA-02

Jobs Reported

108

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1253796.00

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

25325

Originating Lender

BankIowa

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1265881.20

Forgiveness Date

03/31/2021

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