PPP Loan information for Rex concrete inc

$170,939

Rex concrete inc was initially approved for PPP Loan of amount $170,939, the current approved amount is $170,939. The loan was approved on 02/18/2021 by The Farmers & Merchants Savings Bank reported 8 jobs and $170,939 was used to fund payroll.

Rex concrete inc is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Rex concrete inc

REX CONCRETE INC

Date Approved

02/18/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

REX CONCRETE INC

Borrower Address

375 Collins Rd NE

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52402-3168

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

170939.00

Current Approval Amount

170939.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Rapids

Project County Name

LINN

Project State

IA

Project Zip

52402-3168

CD

IA-02

Jobs Reported

8

NAICS Code

238110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

170939.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

171613.26

Forgiveness Date

07/16/2021

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