PPP Loan information for Kromminga motors, inc

$348,500

Kromminga motors, inc was initially approved for PPP Loan of amount $348,500, the current approved amount is $348,500. The loan was approved on 04/09/2020 by The Ohnward Bank & Trust reported 47 jobs and $348,500 was used to fund payroll.

Kromminga motors, inc is Existing or more than 2 years old

PPP Loan Search / IA / MONTICELLO / Kromminga motors, inc

KROMMINGA MOTORS, INC

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

KROMMINGA MOTORS, INC

Borrower Address

1810 S MAIN ST

Borrower City

MONTICELLO

Borrower State

IA

Borrower Zip

52310-2011

Loan Status Date

08/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

348500.00

Current Approval Amount

348500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24584

Servicing Lender Name

Ohnward Bank & Trust

Servicing Lender Address

332 1st Ave W

Servicing Lender City

CASCADE

Servicing Lender State

IA

Servicing Lender Zip

52033-7721

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTICELLO

Project County Name

JONES

Project State

IA

Project Zip

52310-2011

CD

IA-01

Jobs Reported

47

NAICS Code

423820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

320500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

18000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24584

Originating Lender

Ohnward Bank & Trust

Originating Lender City

CASCADE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

352911.15

Forgiveness Date

07/22/2021

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