PPP Loan information for New algae company, inc.

$566,300

New algae company, inc. was initially approved for PPP Loan of amount $566,300, the current approved amount is $566,300. The loan was approved on 04/08/2020 by The Wallis Bank reported 51 jobs and $566,300 was used to fund payroll.

New algae company, inc. is Existing or more than 2 years old

PPP Loan Search / OR / KLAMATH FALLS / New algae company, inc.

NEW ALGAE COMPANY, INC.

Date Approved

04/08/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

NEW ALGAE COMPANY, INC.

Borrower Address

565 Century Ct.

Borrower City

KLAMATH FALLS

Borrower State

OR

Borrower Zip

97601-7100

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

566300.00

Current Approval Amount

566300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72083

Servicing Lender Name

Wallis Bank

Servicing Lender Address

6510 Railroad St

Servicing Lender City

WALLIS

Servicing Lender State

TX

Servicing Lender Zip

77485-9186

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KLAMATH FALLS

Project County Name

KLAMATH

Project State

OR

Project Zip

97601-7100

CD

OR-02

Jobs Reported

51

NAICS Code

311999

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

566300.00

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

72083

Originating Lender

Wallis Bank

Originating Lender City

WALLIS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

571333.78

Forgiveness Date

03/11/2021

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