PPP Loan information for The powers manufacturing company

$710,125

The powers manufacturing company was initially approved for PPP Loan of amount $710,125, the current approved amount is $710,125. The loan was approved on 04/07/2020 by The BankIowa reported 94 jobs and $710,125 was used to fund payroll.

The powers manufacturing company is Existing or more than 2 years old

PPP Loan Search / IA / WATERLOO / The powers manufacturing company

THE POWERS MANUFACTURING COMPANY

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

THE POWERS MANUFACTURING COMPANY

Borrower Address

1340 SYCAMORE ST

Borrower City

WATERLOO

Borrower State

IA

Borrower Zip

50703-4855

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

710125.00

Current Approval Amount

710125.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25325

Servicing Lender Name

BankIowa

Servicing Lender Address

7045 C Ave NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1378

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERLOO

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50703-4855

CD

IA-02

Jobs Reported

94

NAICS Code

315990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

710125.00

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

25325

Originating Lender

BankIowa

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

704364.65

Forgiveness Date

11/19/2020

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