PPP Loan information for Norsemen electric co.

$54,471

Norsemen electric co. was initially approved for PPP Loan of amount $54,471, the current approved amount is $54,471. The loan was approved on 04/28/2020 by The GNB Bank reported 6 jobs and $54,471 was used to fund payroll.

Norsemen electric co. is Existing or more than 2 years old

PPP Loan Search / IA / STORY CITY / Norsemen electric co.

NORSEMEN ELECTRIC CO.

Date Approved

04/28/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

NORSEMEN ELECTRIC CO.

Borrower Address

616 1/2 GARFIELD AVE

Borrower City

STORY CITY

Borrower State

IA

Borrower Zip

50248-1616

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54471.00

Current Approval Amount

54471.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25057

Servicing Lender Name

GNB Bank

Servicing Lender Address

529 G Ave

Servicing Lender City

GRUNDY CENTER

Servicing Lender State

IA

Servicing Lender Zip

50638-1651

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STORY CITY

Project County Name

STORY

Project State

IA

Project Zip

50248-1616

CD

IA-04

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6809.00

Payroll Proceed

40853.00

Mortgage Interest Proceed

0.00

Rent Proceed

6809.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25057

Originating Lender

GNB Bank

Originating Lender City

GRUNDY CENTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

54937.03

Forgiveness Date

03/10/2021

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