PPP Loan information for New covenant bible church

$295,300

New covenant bible church was initially approved for PPP Loan of amount $296,200, the current approved amount is $295,300. The loan was approved on 04/06/2020 by The Farmers State Bank reported 25 jobs and $295,300 was used to fund payroll.

New covenant bible church is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / New covenant bible church

NEW COVENANT BIBLE CHURCH

Date Approved

04/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

NEW COVENANT BIBLE CHURCH

Borrower Address

3090 CENTER POINT RD

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52411-9548

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

296200.00

Current Approval Amount

295300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52411-9548

CD

IA-02

Jobs Reported

25

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

295300.00

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

Non-Profit Organization

Originating Lender Location Id

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

297424.52

Forgiveness Date

12/31/2020

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