PPP Loan information for Kemna motor company

$426,000

Kemna motor company was initially approved for PPP Loan of amount $426,000, the current approved amount is $426,000. The loan was approved on 04/03/2020 by The Bank Midwest reported 30 jobs and $426,000 was used to fund payroll.

Kemna motor company is Existing or more than 2 years old

PPP Loan Search / IA / ALGONA / Kemna motor company

KEMNA MOTOR COMPANY

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

KEMNA MOTOR COMPANY

Borrower Address

617 HIGHWAY 18 W

Borrower City

ALGONA

Borrower State

IA

Borrower Zip

50511-7231

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

426000.00

Current Approval Amount

426000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38258

Servicing Lender Name

Bank Midwest

Servicing Lender Address

1525 18th St

Servicing Lender City

SPIRIT LAKE

Servicing Lender State

IA

Servicing Lender Zip

51360-1023

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALGONA

Project County Name

KOSSUTH

Project State

IA

Project Zip

50511-7231

CD

IA-04

Jobs Reported

30

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

426000.00

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

38258

Originating Lender

Bank Midwest

Originating Lender City

SPIRIT LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

431206.67

Forgiveness Date

06/29/2021

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