PPP Loan information for Shovel 1, inc

$140,400

Shovel 1, inc was initially approved for PPP Loan of amount $140,400, the current approved amount is $140,400. The loan was approved on 04/07/2020 by The First Bank reported 17 jobs and $140,400 was used to fund payroll.

Shovel 1, inc is New Business or 2 years or less

PPP Loan Search / IA / WAVERLY / Shovel 1, inc

SHOVEL 1, INC

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

SHOVEL 1, INC

Borrower Address

1210 West Bremer Ave

Borrower City

WAVERLY

Borrower State

IA

Borrower Zip

50677-2830

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

140400.00

Current Approval Amount

140400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25557

Servicing Lender Name

First Bank

Servicing Lender Address

316 E Bremer Ave

Servicing Lender City

WAVERLY

Servicing Lender State

IA

Servicing Lender Zip

50677-3532

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WAVERLY

Project County Name

BREMER

Project State

IA

Project Zip

50677-2830

CD

IA-02

Jobs Reported

17

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3400.00

Payroll Proceed

114600.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

9400.00

Debt Interest Proceed

3000

Business Type

Corporation

Originating Lender Location Id

25557

Originating Lender

First Bank

Originating Lender City

WAVERLY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

141183.90

Forgiveness Date

11/03/2020

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