PPP Loan information for Thorpe water development

$224,000

Thorpe water development was initially approved for PPP Loan of amount $224,000, the current approved amount is $224,000. The loan was approved on 04/06/2020 by The Grinnell State Bank reported 11 jobs and $224,000 was used to fund payroll.

Thorpe water development is Existing or more than 2 years old

PPP Loan Search / IA / ANKENY / Thorpe water development

THORPE WATER DEVELOPMENT

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

THORPE WATER DEVELOPMENT

Borrower Address

1485 NE 70th Ave

Borrower City

ANKENY

Borrower State

IA

Borrower Zip

50021-9711

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

224000.00

Current Approval Amount

224000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANKENY

Project County Name

POLK

Project State

IA

Project Zip

50021-9711

CD

IA-03

Jobs Reported

11

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9000.00

Payroll Proceed

190000.00

Mortgage Interest Proceed

25000.00

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

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

226059.56

Forgiveness Date

03/11/2021

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