PPP Loan information for Linn gearcompany inc

$1,257,740

Linn gearcompany inc was initially approved for PPP Loan of amount $1,257,740, the current approved amount is $1,257,740. The loan was approved on 04/08/2020 by The People's Bank of Commerce reported 125 jobs and $1,257,740 was used to fund payroll.

Linn gearcompany inc is Existing or more than 2 years old

PPP Loan Search / OR / LEBANON / Linn gearcompany inc

LINN GEARCOMPANY INC

Date Approved

04/08/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

LINN GEARCOMPANY INC

Borrower Address

100 N. 8TH ST

Borrower City

LEBANON

Borrower State

OR

Borrower Zip

97355-2213

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1257740.00

Current Approval Amount

1257740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122606

Servicing Lender Name

People's Bank of Commerce

Servicing Lender Address

1311 E Barnett Rd

Servicing Lender City

Medford

Servicing Lender State

OR

Servicing Lender Zip

97504

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LEBANON

Project County Name

LINN

Project State

OR

Project Zip

97355-2213

CD

OR-05

Jobs Reported

125

NAICS Code

333612

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10983.00

Payroll Proceed

1235774.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

10983

Business Type

Corporation

Originating Lender Location Id

122606

Originating Lender

People's Bank of Commerce

Originating Lender City

Medford

Originating Lender State

OR

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1270387.27

Forgiveness Date

04/14/2021

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