PPP Loan information for Mechanical air systems company

$251,767

Mechanical air systems company was initially approved for PPP Loan of amount $251,767, the current approved amount is $251,767. The loan was approved on 04/28/2020 by The Farmers State Bank reported 20 jobs and $251,767 was used to fund payroll.

Mechanical air systems company is Existing or more than 2 years old

PPP Loan Search / IA / MASON CITY / Mechanical air systems company

MECHANICAL AIR SYSTEMS COMPANY

Date Approved

04/28/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MECHANICAL AIR SYSTEMS COMPANY

Borrower Address

2417 S. FEDERAL AVE

Borrower City

MASON CITY

Borrower State

IA

Borrower Zip

50401-6734

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

251767.00

Current Approval Amount

251767.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25044

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

99 N 7th St

Servicing Lender City

NORTHWOOD

Servicing Lender State

IA

Servicing Lender Zip

50459-1432

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MASON CITY

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50401-6734

CD

IA-02

Jobs Reported

20

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

251767.00

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

Subchapter S Corporation

Originating Lender Location Id

25044

Originating Lender

Farmers State Bank

Originating Lender City

NORTHWOOD

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

253339.68

Forgiveness Date

12/16/2020

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