PPP Loan information for Knorr electric motor & well service inc

$34,800

Knorr electric motor & well service inc was initially approved for PPP Loan of amount $34,800, the current approved amount is $34,800. The loan was approved on 04/27/2020 by The Clear Lake Bank & Trust Company reported 6 jobs and $34,800 was used to fund payroll.

Knorr electric motor & well service inc is Existing or more than 2 years old

PPP Loan Search / IA / CLEAR LAKE / Knorr electric motor & well service inc

KNORR ELECTRIC MOTOR & WELL SERVICE INC

Date Approved

04/27/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

KNORR ELECTRIC MOTOR & WELL SERVICE INC

Borrower Address

310 S 20th ST

Borrower City

CLEAR LAKE

Borrower State

IA

Borrower Zip

50428-2278

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34800.00

Current Approval Amount

34800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24776

Servicing Lender Name

Clear Lake Bank & Trust Company

Servicing Lender Address

322 Main Ave

Servicing Lender City

CLEAR LAKE

Servicing Lender State

IA

Servicing Lender Zip

50428-1825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLEAR LAKE

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50428-2278

CD

IA-02

Jobs Reported

6

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1500.00

Payroll Proceed

30500.00

Mortgage Interest Proceed

0.00

Rent Proceed

1800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

1000

Business Type

Subchapter S Corporation

Originating Lender Location Id

24776

Originating Lender

Clear Lake Bank & Trust Company

Originating Lender City

CLEAR LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

34974.97

Forgiveness Date

11/05/2020

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