PPP Loan information for Red oak fabrication

$530,900

Red oak fabrication was initially approved for PPP Loan of amount $530,900, the current approved amount is $530,900. The loan was approved on 04/03/2020 by The Houghton State Bank reported 65 jobs and $530,900 was used to fund payroll.

Red oak fabrication is Existing or more than 2 years old

PPP Loan Search / IA / RED OAK / Red oak fabrication

RED OAK FABRICATION

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

RED OAK FABRICATION

Borrower Address

306 3rd St.

Borrower City

RED OAK

Borrower State

IA

Borrower Zip

51566-2799

Loan Status Date

01/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

530900.00

Current Approval Amount

530900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25408

Servicing Lender Name

Houghton State Bank

Servicing Lender Address

116 Coolbaugh St

Servicing Lender City

RED OAK

Servicing Lender State

IA

Servicing Lender Zip

51566-2273

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RED OAK

Project County Name

MONTGOMERY

Project State

IA

Project Zip

51566-2799

CD

IA-03

Jobs Reported

65

NAICS Code

333992

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

56522.00

Payroll Proceed

424378.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25408

Originating Lender

Houghton State Bank

Originating Lender City

RED OAK

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

534011.66

Forgiveness Date

11/05/2020

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