PPP Loan information for Pierson motor company inc.

$232,500

Pierson motor company inc. was initially approved for PPP Loan of amount $232,500, the current approved amount is $232,500. The loan was approved on 01/23/2021 by The Community State Bank reported 26 jobs and $232,500 was used to fund payroll.

Pierson motor company inc. is Existing or more than 2 years old

PPP Loan Search / IA / Spencer / Pierson motor company inc.

PIERSON MOTOR COMPANY INC.

Date Approved

01/23/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

PIERSON MOTOR COMPANY INC.

Borrower Address

118 11th St SW

Borrower City

Spencer

Borrower State

IA

Borrower Zip

51301-5858

Loan Status Date

06/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

232500.00

Current Approval Amount

232500.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

24536

Servicing Lender Name

Community State Bank

Servicing Lender Address

1812 Hwy Blvd

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-2211

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Spencer

Project County Name

CLAY

Project State

IA

Project Zip

51301-5858

CD

IA-04

Jobs Reported

26

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

232499.00

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

24536

Originating Lender

Community State Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

235632.29

Forgiveness Date

05/31/2022

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