PPP Loan information for The arc of east central iowa

$726,800

The arc of east central iowa was initially approved for PPP Loan of amount $726,800, the current approved amount is $726,800. The loan was approved on 04/07/2020 by The Cedar Rapids Bank and Trust Company reported 280 jobs and $726,800 was used to fund payroll.

The arc of east central iowa is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / The arc of east central iowa

THE ARC OF EAST CENTRAL IOWA

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

THE ARC OF EAST CENTRAL IOWA

Borrower Address

680 2nd St SE Suite 200

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52401-2006

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

726800.00

Current Approval Amount

726800.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52401-2006

CD

IA-02

Jobs Reported

280

NAICS Code

624120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

726800.00

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

Non-Profit Organization

Originating Lender Location Id

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

734269.89

Forgiveness Date

04/27/2021

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