PPP Loan information for Accurate automotive inc.

$48,800

Accurate automotive inc. was initially approved for PPP Loan of amount $48,800, the current approved amount is $48,800. The loan was approved on 04/09/2020 by The Farmers & Merchants Savings Bank reported 5 jobs and $48,800 was used to fund payroll.

Accurate automotive inc. is Existing or more than 2 years old

PPP Loan Search / IA / IOWA CITY / Accurate automotive inc.

ACCURATE AUTOMOTIVE INC.

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

ACCURATE AUTOMOTIVE INC.

Borrower Address

1010 ORCHARD ST

Borrower City

IOWA CITY

Borrower State

IA

Borrower Zip

52246-5415

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48800.00

Current Approval Amount

48800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25202

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

2235 Mormon Trek Blvd

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52246-4436

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

IOWA CITY

Project County Name

JOHNSON

Project State

IA

Project Zip

52246-5415

CD

IA-01

Jobs Reported

5

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2440.00

Payroll Proceed

36600.00

Mortgage Interest Proceed

0.00

Rent Proceed

9760.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25202

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

49070.07

Forgiveness Date

11/05/2020

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