PPP Loan information for Mcdermott oil co.

$335,000

Mcdermott oil co. was initially approved for PPP Loan of amount $335,000, the current approved amount is $335,000. The loan was approved on 04/04/2020 by The Farmers & Merchants Savings Bank reported 55 jobs and $335,000 was used to fund payroll.

Mcdermott oil co. is Existing or more than 2 years old

PPP Loan Search / IA / CASCADE / Mcdermott oil co.

MCDERMOTT OIL CO.

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MCDERMOTT OIL CO.

Borrower Address

1501 1ST AVE

Borrower City

CASCADE

Borrower State

IA

Borrower Zip

52033-7718

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

335000.00

Current Approval Amount

335000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CASCADE

Project County Name

DUBUQUE

Project State

IA

Project Zip

52033-7718

CD

IA-02

Jobs Reported

55

NAICS Code

454310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

335000.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

337047.22

Forgiveness Date

11/20/2020

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