PPP Loan information for New energy distributing inc

$193,800

New energy distributing inc was initially approved for PPP Loan of amount $193,800, the current approved amount is $193,800. The loan was approved on 04/07/2020 by The MidWestOne Bank reported 15 jobs and $193,800 was used to fund payroll.

New energy distributing inc is Existing or more than 2 years old

PPP Loan Search / IA / DYERSVILLE / New energy distributing inc

NEW ENERGY DISTRIBUTING INC

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

NEW ENERGY DISTRIBUTING INC

Borrower Address

601 6th Avenue NW PO Box 87

Borrower City

DYERSVILLE

Borrower State

IA

Borrower Zip

52040

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

193800.00

Current Approval Amount

193800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DYERSVILLE

Project County Name

DUBUQUE

Project State

IA

Project Zip

52040-0001

CD

IA-02

Jobs Reported

15

NAICS Code

423720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12112.50

Payroll Proceed

145350.00

Mortgage Interest Proceed

12112.50

Rent Proceed

12112.50

Refinance EIDL Proceed

0.00

Health Care Proceed

12112.50

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

195113.53

Forgiveness Date

12/16/2020

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