PPP Loan information for West music company, inc.

$1,940,400

West music company, inc. was initially approved for PPP Loan of amount $1,940,400, the current approved amount is $1,940,400. The loan was approved on 04/07/2020 by The MidWestOne Bank reported 170 jobs and $1,940,400 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

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

WEST MUSIC COMPANY, INC.

Borrower Address

1212 5th Street

Borrower City

CORALVILLE

Borrower State

IA

Borrower Zip

52241-2908

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1940400.00

Current Approval Amount

1940400.00

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

170

NAICS Code

451140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

121275.00

Payroll Proceed

1455300.00

Mortgage Interest Proceed

121275.00

Rent Proceed

121275.00

Refinance EIDL Proceed

0.00

Health Care Proceed

121275.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1959265.00

Forgiveness Date

03/31/2021

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