PPP Loan information for West music company inc.

$1,758,000

West music company inc. was initially approved for PPP Loan of amount $1,758,000, the current approved amount is $1,758,000. The loan was approved on 02/19/2021 by The MidWestOne Bank reported 140 jobs and $1,758,000 was used to fund payroll.

West music company inc. is Existing or more than 2 years old

PPP Loan Search / IA / Coralville / West music company inc.

WEST MUSIC COMPANY INC.

Date Approved

02/19/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

WEST MUSIC COMPANY INC.

Borrower Address

1212 5th St

Borrower City

Coralville

Borrower State

IA

Borrower Zip

52241-2908

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1758000.00

Current Approval Amount

1758000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Coralville

Project County Name

JOHNSON

Project State

IA

Project Zip

52241-2908

CD

IA-01

Jobs Reported

140

NAICS Code

451140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1757996.00

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

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1766155.17

Forgiveness Date

08/11/2021

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