PPP Loan information for Mid-iowa tools, inc.

$306,400

Mid-iowa tools, inc. was initially approved for PPP Loan of amount $306,400, the current approved amount is $306,400. The loan was approved on 04/03/2020 by The Farmers & Merchants Savings Bank reported 21 jobs and $306,400 was used to fund payroll.

Mid-iowa tools, inc. is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Mid-iowa tools, inc.

MID-IOWA TOOLS, INC.

Date Approved

04/03/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MID-IOWA TOOLS, INC.

Borrower Address

3350 Square D Drive SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-3916

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

306400.00

Current Approval Amount

306400.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-3916

CD

IA-02

Jobs Reported

21

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

306400.00

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

307933.39

Forgiveness Date

11/27/2020

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