PPP Loan information for Karma corporation

$443,200

Karma corporation was initially approved for PPP Loan of amount $486,900, the current approved amount is $443,200. The loan was approved on 04/04/2020 by The First Central State Bank reported 31 jobs and $443,200 was used to fund payroll.

Karma corporation is Existing or more than 2 years old

PPP Loan Search / IA / DAVENPORT / Karma corporation

KARMA CORPORATION

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

KARMA CORPORATION

Borrower Address

130 Research Parkway

Borrower City

DAVENPORT

Borrower State

IA

Borrower Zip

52806-0008

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

486900.00

Current Approval Amount

443200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24910

Servicing Lender Name

First Central State Bank

Servicing Lender Address

914 6th Ave

Servicing Lender City

DE WITT

Servicing Lender State

IA

Servicing Lender Zip

52742-1331

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DAVENPORT

Project County Name

SCOTT

Project State

IA

Project Zip

52806-0008

CD

IA-01

Jobs Reported

31

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

53184.00

Payroll Proceed

336832.00

Mortgage Interest Proceed

0.00

Rent Proceed

53184.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24910

Originating Lender

First Central State Bank

Originating Lender City

DE WITT

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

446721.32

Forgiveness Date

01/26/2021

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