PPP Loan information for Tecton industries, inc.

$522,500

Tecton industries, inc. was initially approved for PPP Loan of amount $522,500, the current approved amount is $522,500. The loan was approved on 04/04/2020 by The Community State Bank reported 40 jobs and $522,500 was used to fund payroll.

Tecton industries, inc. is Existing or more than 2 years old

PPP Loan Search / IA / SPENCER / Tecton industries, inc.

TECTON INDUSTRIES, INC.

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

TECTON INDUSTRIES, INC.

Borrower Address

1105 E MILWAUKEE ST

Borrower City

SPENCER

Borrower State

IA

Borrower Zip

51301-4773

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

522500.00

Current Approval Amount

522500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24536

Servicing Lender Name

Community State Bank

Servicing Lender Address

1812 Hwy Blvd

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-2211

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPENCER

Project County Name

CLAY

Project State

IA

Project Zip

51301-4773

CD

IA-04

Jobs Reported

40

NAICS Code

332721

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18000.00

Payroll Proceed

427500.00

Mortgage Interest Proceed

0.00

Rent Proceed

23000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

50000.00

Debt Interest Proceed

4000

Business Type

Subchapter S Corporation

Originating Lender Location Id

24536

Originating Lender

Community State Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

525794.65

Forgiveness Date

11/30/2020

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