PPP Loan information for Lcl distributing, inc.

$110,640

Lcl distributing, inc. was initially approved for PPP Loan of amount $110,640, the current approved amount is $110,640. The loan was approved on 04/10/2020 by The First State Bank reported 14 jobs and $110,640 was used to fund payroll.

Lcl distributing, inc. is Existing or more than 2 years old

PPP Loan Search / IA / GRINNELL / Lcl distributing, inc.

LCL DISTRIBUTING, INC.

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

LCL DISTRIBUTING, INC.

Borrower Address

4192 hwy 146

Borrower City

GRINNELL

Borrower State

IA

Borrower Zip

50112-8165

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

110640.00

Current Approval Amount

110640.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25209

Servicing Lender Name

First State Bank

Servicing Lender Address

413 East St

Servicing Lender City

LYNNVILLE

Servicing Lender State

IA

Servicing Lender Zip

50153-8553

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRINNELL

Project County Name

POWESHIEK

Project State

IA

Project Zip

50112-8165

CD

IA-02

Jobs Reported

14

NAICS Code

484121

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

100640.00

Mortgage Interest Proceed

5000.00

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

25209

Originating Lender

First State Bank

Originating Lender City

LYNNVILLE

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

111254.67

Forgiveness Date

11/03/2020

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