PPP Loan information for Progress industries

$1,697,900

Progress industries was initially approved for PPP Loan of amount $1,697,900, the current approved amount is $1,697,900. The loan was approved on 04/09/2020 by The FNNB Bank reported 223 jobs and $1,697,900 was used to fund payroll.

Progress industries is Existing or more than 2 years old

PPP Loan Search / IA / NEWTON / Progress industries

PROGRESS INDUSTRIES

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

PROGRESS INDUSTRIES

Borrower Address

202 N 3RD AVE W

Borrower City

NEWTON

Borrower State

IA

Borrower Zip

50208-3037

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1697900.00

Current Approval Amount

1697900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25307

Servicing Lender Name

FNNB Bank

Servicing Lender Address

100 N 2nd Ave W

Servicing Lender City

NEWTON

Servicing Lender State

IA

Servicing Lender Zip

50208-3246

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWTON

Project County Name

JASPER

Project State

IA

Project Zip

50208-3037

CD

IA-01

Jobs Reported

223

NAICS Code

923120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1697900.00

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

Non-Profit Organization

Originating Lender Location Id

25307

Originating Lender

FNNB Bank

Originating Lender City

NEWTON

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

1708366.51

Forgiveness Date

12/02/2020

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