PPP Loan information for Madsen custom homes, inc

$54,400

Madsen custom homes, inc was initially approved for PPP Loan of amount $54,400, the current approved amount is $54,400. The loan was approved on 04/16/2020 by The Farmers State Bank reported 10 jobs and $54,400 was used to fund payroll.

Madsen custom homes, inc is Existing or more than 2 years old

PPP Loan Search / IA / MARION / Madsen custom homes, inc

MADSEN CUSTOM HOMES, INC

Date Approved

04/16/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MADSEN CUSTOM HOMES, INC

Borrower Address

2694 5th Ave

Borrower City

MARION

Borrower State

IA

Borrower Zip

52302-4335

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54400.00

Current Approval Amount

54400.00

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

Existing or more than 2 years old

Project City

MARION

Project County Name

LINN

Project State

IA

Project Zip

52302-4335

CD

IA-02

Jobs Reported

10

NAICS Code

236115

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

40800.00

Mortgage Interest Proceed

0.00

Rent Proceed

13600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

54968.18

Forgiveness Date

05/04/2021

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