PPP Loan information for Softronics ltd

$324,290

Softronics ltd was initially approved for PPP Loan of amount $324,290, the current approved amount is $324,290. The loan was approved on 02/06/2021 by The Cedar Rapids Bank and Trust Company reported 33 jobs and $324,290 was used to fund payroll.

Softronics ltd is Existing or more than 2 years old

PPP Loan Search / IA / Marion / Softronics ltd

SOFTRONICS LTD

Date Approved

02/06/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

SOFTRONICS LTD

Borrower Address

1080 E Post Rd Ste 1

Borrower City

Marion

Borrower State

IA

Borrower Zip

52302-5288

Loan Status Date

04/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

324290.00

Current Approval Amount

324290.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Marion

Project County Name

LINN

Project State

IA

Project Zip

52302-5288

CD

IA-02

Jobs Reported

33

NAICS Code

334310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

324289.00

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

Corporation

Originating Lender Location Id

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

327884.21

Forgiveness Date

03/23/2022

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