PPP Loan information for New tec, inc

$526,000

New tec, inc was initially approved for PPP Loan of amount $526,000, the current approved amount is $526,000. The loan was approved on 04/04/2020 by The American State Bank reported 40 jobs and $526,000 was used to fund payroll.

New tec, inc is Existing or more than 2 years old

PPP Loan Search / IA / HULL / New tec, inc

NEW TEC, INC

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

NEW TEC, INC

Borrower Address

1008 Locust Street

Borrower City

HULL

Borrower State

IA

Borrower Zip

51239-7723

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

526000.00

Current Approval Amount

526000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25469

Servicing Lender Name

American State Bank

Servicing Lender Address

525 N Main Ave

Servicing Lender City

SIOUX CENTER

Servicing Lender State

IA

Servicing Lender Zip

51250-1823

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HULL

Project County Name

SIOUX

Project State

IA

Project Zip

51239-7723

CD

IA-04

Jobs Reported

40

NAICS Code

423810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

506000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25469

Originating Lender

American State Bank

Originating Lender City

SIOUX CENTER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

529645.97

Forgiveness Date

12/23/2020

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