PPP Loan information for Ovation networks inc

$430,546

Ovation networks inc was initially approved for PPP Loan of amount $447,455, the current approved amount is $430,546. The loan was approved on 02/02/2021 by The Cedar Rapids Bank and Trust Company reported 39 jobs and $430,546 was used to fund payroll.

Ovation networks inc is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Ovation networks inc

OVATION NETWORKS INC

Date Approved

02/02/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

OVATION NETWORKS INC

Borrower Address

222 3rd Ave SE Ste 276

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52401-1541

Loan Status Date

12/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

447455.00

Current Approval Amount

430546.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Rapids

Project County Name

LINN

Project State

IA

Project Zip

52401-1541

CD

IA-02

Jobs Reported

39

NAICS Code

517919

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

430540.00

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

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

433739.22

Forgiveness Date

11/05/2021

;