PPP Loan information for Shimkat motor co.

$338,835

Shimkat motor co. was initially approved for PPP Loan of amount $338,835, the current approved amount is $338,835. The loan was approved on 04/10/2020 by The Lincoln Savings Bank reported 32 jobs and $338,835 was used to fund payroll.

Shimkat motor co. is Existing or more than 2 years old

PPP Loan Search / IA / FORT DODGE / Shimkat motor co.

SHIMKAT MOTOR CO.

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SHIMKAT MOTOR CO.

Borrower Address

3126 5TH AVE South

Borrower City

FORT DODGE

Borrower State

IA

Borrower Zip

50501-2915

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

338835.00

Current Approval Amount

338835.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

25416

Servicing Lender Name

Lincoln Savings Bank

Servicing Lender Address

508 Main Street PO Box E

Servicing Lender City

Reinbeck

Servicing Lender State

IA

Servicing Lender Zip

50669

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FORT DODGE

Project County Name

WEBSTER

Project State

IA

Project Zip

50501-2915

CD

IA-04

Jobs Reported

32

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6900.00

Payroll Proceed

301935.00

Mortgage Interest Proceed

0.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25416

Originating Lender

Lincoln Savings Bank

Originating Lender City

Reinbeck

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

341137.22

Forgiveness Date

12/22/2020

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