PPP Loan information for Molded products, inc. employee stock ownership plan

$358,220

Molded products, inc. employee stock ownership plan was initially approved for PPP Loan of amount $358,220, the current approved amount is $358,220. The loan was approved on 04/10/2020 by The Midstates Bank, National Association reported 129 jobs and $358,220 was used to fund payroll.

Molded products, inc. employee stock ownership plan is Existing or more than 2 years old

PPP Loan Search / IA / HARLAN / Molded products, inc. employee stock ownership plan

MOLDED PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MOLDED PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Borrower Address

1112 Chatburn Avenue

Borrower City

HARLAN

Borrower State

IA

Borrower Zip

51537-2007

Loan Status Date

06/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

358220.00

Current Approval Amount

358220.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25068

Servicing Lender Name

Midstates Bank, National Association

Servicing Lender Address

1851 Madison Ave, Ste 732

Servicing Lender City

COUNCIL BLUFFS

Servicing Lender State

IA

Servicing Lender Zip

51503-3602

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HARLAN

Project County Name

SHELBY

Project State

IA

Project Zip

51537-2007

CD

IA-04

Jobs Reported

129

NAICS Code

333511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

358220.00

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

25068

Originating Lender

Midstates Bank, National Association

Originating Lender City

COUNCIL BLUFFS

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

360707.64

Forgiveness Date

12/23/2020

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