PPP Loan information for Ring-o-matic inc.

$532,065

Ring-o-matic inc. was initially approved for PPP Loan of amount $532,065, the current approved amount is $532,065. The loan was approved on 01/17/2021 by The Marion County State Bank reported 62 jobs and $532,065 was used to fund payroll.

Ring-o-matic inc. is Existing or more than 2 years old

PPP Loan Search / IA / Pella / Ring-o-matic inc.

RING-O-MATIC INC.

Date Approved

01/17/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

RING-O-MATIC INC.

Borrower Address

1714 Fifield Rd

Borrower City

Pella

Borrower State

IA

Borrower Zip

50219-7861

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

532065.00

Current Approval Amount

532065.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25371

Servicing Lender Name

Marion County State Bank

Servicing Lender Address

800 Main St

Servicing Lender City

PELLA

Servicing Lender State

IA

Servicing Lender Zip

50219-1522

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pella

Project County Name

MARION

Project State

IA

Project Zip

50219-7861

CD

IA-01

Jobs Reported

62

NAICS Code

423830

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

532062.00

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

25371

Originating Lender

Marion County State Bank

Originating Lender City

PELLA

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

534178.68

Forgiveness Date

06/15/2021

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