PPP Loan information for Power engineering and manufacturing, ltd

$756,810

Power engineering and manufacturing, ltd was initially approved for PPP Loan of amount $756,810, the current approved amount is $756,810. The loan was approved on 04/28/2020 by The BankIowa reported 55 jobs and $756,810 was used to fund payroll.

Power engineering and manufacturing, ltd is Existing or more than 2 years old

PPP Loan Search / IA / WATERLOO / Power engineering and manufacturing, ltd

POWER ENGINEERING AND MANUFACTURING, LTD

Date Approved

04/28/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

POWER ENGINEERING AND MANUFACTURING, LTD

Borrower Address

2635 WCF & D Drive

Borrower City

WATERLOO

Borrower State

IA

Borrower Zip

50703

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

756810.00

Current Approval Amount

756810.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25325

Servicing Lender Name

BankIowa

Servicing Lender Address

7045 C Ave NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1378

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERLOO

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50703-1000

CD

IA-02

Jobs Reported

55

NAICS Code

333618

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

756810.00

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

25325

Originating Lender

BankIowa

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

762528.12

Forgiveness Date

02/03/2021

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