PPP Loan information for Ottumwa development inc

$434,087

Ottumwa development inc was initially approved for PPP Loan of amount $434,087, the current approved amount is $434,087. The loan was approved on 03/16/2021 by The South Ottumwa Savings Bank reported 77 jobs and $434,087 was used to fund payroll.

Ottumwa development inc is Existing or more than 2 years old

PPP Loan Search / IA / Ottumwa / Ottumwa development inc

OTTUMWA DEVELOPMENT INC

Date Approved

03/16/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

OTTUMWA DEVELOPMENT INC

Borrower Address

3 Pennsylvania Pl

Borrower City

Ottumwa

Borrower State

IA

Borrower Zip

52501-2165

Loan Status Date

01/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

434087.00

Current Approval Amount

434087.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25361

Servicing Lender Name

South Ottumwa Savings Bank

Servicing Lender Address

320 Church St

Servicing Lender City

OTTUMWA

Servicing Lender State

IA

Servicing Lender Zip

52501-4211

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ottumwa

Project County Name

WAPELLO

Project State

IA

Project Zip

52501-2165

CD

IA-03

Jobs Reported

77

NAICS Code

623110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

434087.00

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

Corporation

Originating Lender Location Id

25361

Originating Lender

South Ottumwa Savings Bank

Originating Lender City

OTTUMWA

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

437547.64

Forgiveness Date

01/03/2022

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