PPP Loan information for World class industries inc

$2,264,500

World class industries inc was initially approved for PPP Loan of amount $2,264,500, the current approved amount is $2,264,500. The loan was approved on 04/10/2020 by The MidWestOne Bank reported 210 jobs and $2,264,500 was used to fund payroll.

World class industries inc is Existing or more than 2 years old

PPP Loan Search / IA / HIAWATHA / World class industries inc

WORLD CLASS INDUSTRIES INC

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

WORLD CLASS INDUSTRIES INC

Borrower Address

925 North 15th Avenue

Borrower City

HIAWATHA

Borrower State

IA

Borrower Zip

52233-2207

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2264500.00

Current Approval Amount

2264500.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIAWATHA

Project County Name

LINN

Project State

IA

Project Zip

52233-2207

CD

IA-02

Jobs Reported

210

NAICS Code

541614

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

141531.25

Payroll Proceed

1698375.00

Mortgage Interest Proceed

141531.25

Rent Proceed

141531.25

Refinance EIDL Proceed

0.00

Health Care Proceed

141531.25

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

Unanswered

Non Profit

Forgiveness Amount

2292743.35

Forgiveness Date

07/14/2021

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