Date Approved
04/10/2020
SBA Office Code
0736
Processing Method
PPP
Borrower Name
PREFERRED AUTO SALES INC.
Borrower Address
2198 VARNISHTREE AVE
Borrower City
LOCKRIDGE
Borrower State
IA
Borrower Zip
52635-8027
Loan Status Date
01/12/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
23605.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
25565
Servicing Lender Name
Wayland State Bank
Servicing Lender Address
301 S Main
Servicing Lender City
MOUNT PLEASANT
Servicing Lender State
Servicing Lender Zip
52641-2226
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
JEFFERSON
Project State
Project Zip
CD
IA-01
Jobs Reported
4
NAICS Code
423110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
23747.29
Forgiveness Date
11/23/2020