PPP Loan information for Newell machinery company, inc.

$2,280,097

Newell machinery company, inc. was initially approved for PPP Loan of amount $2,280,097, the current approved amount is $2,280,097. The loan was approved on 04/28/2020 by The U.S. Bank, National Association reported 297 jobs and $2,280,097 was used to fund payroll.

Newell machinery company, inc. is Existing or more than 2 years old

PPP Loan Search / IA / HIAWATHA / Newell machinery company, inc.

NEWELL MACHINERY COMPANY, INC.

Date Approved

04/28/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

NEWELL MACHINERY COMPANY, INC.

Borrower Address

1405 Mitchell Drive

Borrower City

HIAWATHA

Borrower State

IA

Borrower Zip

52233

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2280097.00

Current Approval Amount

2280097.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIAWATHA

Project County Name

LINN

Project State

IA

Project Zip

52233-0001

CD

IA-02

Jobs Reported

297

NAICS Code

332312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2280097.00

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

Subchapter S Corporation

Originating Lender Location Id

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2311385.00

Forgiveness Date

09/08/2021

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