PPP Loan information for Quality motors inc.

$62,526

Quality motors inc. was initially approved for PPP Loan of amount $62,526, the current approved amount is $62,526. The loan was approved on 04/15/2021 by The Iowa State Bank reported 10 jobs and $62,526 was used to fund payroll.

Quality motors inc. is Existing or more than 2 years old

PPP Loan Search / IA / Algona / Quality motors inc.

QUALITY MOTORS INC.

Date Approved

04/15/2021

SBA Office Code

0761

Processing Method

PPP

Borrower Name

QUALITY MOTORS INC.

Borrower Address

318 Highway 18 E

Borrower City

Algona

Borrower State

IA

Borrower Zip

50511-1101

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

62526.00

Current Approval Amount

62526.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24540

Servicing Lender Name

Iowa State Bank

Servicing Lender Address

5 E Call St

Servicing Lender City

ALGONA

Servicing Lender State

IA

Servicing Lender Zip

50511-2402

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Algona

Project County Name

KOSSUTH

Project State

IA

Project Zip

50511-1101

CD

IA-04

Jobs Reported

10

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

62522.00

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

Subchapter S Corporation

Originating Lender Location Id

24540

Originating Lender

Iowa State Bank

Originating Lender City

ALGONA

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

62637.16

Forgiveness Date

06/23/2021

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