PPP Loan information for King automotive inc

$67,500

King automotive inc was initially approved for PPP Loan of amount $67,500, the current approved amount is $67,500. The loan was approved on 04/15/2020 by The MidWestOne Bank reported 7 jobs and $67,500 was used to fund payroll.

King automotive inc is Existing or more than 2 years old

KING AUTOMOTIVE INC

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

KING AUTOMOTIVE INC

Borrower Address

425 LaPorte Road

Borrower City

WATERLOO

Borrower State

IA

Borrower Zip

50702

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

67500.00

Current Approval Amount

67500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERLOO

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50702-1000

CD

IA-02

Jobs Reported

7

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4218.75

Payroll Proceed

50625.00

Mortgage Interest Proceed

4218.75

Rent Proceed

4218.75

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

4218.75

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

68180.62

Forgiveness Date

04/23/2021

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