PPP Loan information for Pooley scrap iron & recycling, inc

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POOLEY SCRAP IRON & RECYCLING, INC

Borrower Address

13984 215th avenue

Borrower City

NEW RICHLAND

Borrower State

MN

Borrower Zip

56072-2007

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

72800.00

Current Approval Amount

72800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116933

Servicing Lender Name

First Farmers & Merchants National Bank

Servicing Lender Address

114 S Park St

Servicing Lender City

FAIRMONT

Servicing Lender State

MN

Servicing Lender Zip

56031-2863

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW RICHLAND

Project County Name

WASECA

Project State

MN

Project Zip

56072-2007

CD

MN-01

Jobs Reported

10

NAICS Code

423930

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4000.00

Payroll Proceed

62940.00

Mortgage Interest Proceed

0.00

Rent Proceed

4360.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

1500

Business Type

Subchapter S Corporation

Originating Lender Location Id

116933

Originating Lender

First Farmers & Merchants National Bank

Originating Lender City

FAIRMONT

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

73335.89

Forgiveness Date

01/07/2021