PPP Loan information for Lbc5 inc.

$136,300

Lbc5 inc. was initially approved for PPP Loan of amount $144,700, the current approved amount is $136,300. The loan was approved on 04/10/2020 by The Farmers State Bank reported 9 jobs and $136,300 was used to fund payroll.

Lbc5 inc. is New Business or 2 years or less

PPP Loan Search / IA / MARION / Lbc5 inc.

LBC5 INC.

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

LBC5 INC.

Borrower Address

360 7TH AVE

Borrower City

MARION

Borrower State

IA

Borrower Zip

52302-3325

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

144700.00

Current Approval Amount

136300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MARION

Project County Name

LINN

Project State

IA

Project Zip

52302-3325

CD

IA-02

Jobs Reported

9

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

136300.00

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

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

127001.67

Forgiveness Date

11/09/2020

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