PPP Loan information for Axial industries, ltd.

$227,000

Axial industries, ltd. was initially approved for PPP Loan of amount $227,000, the current approved amount is $227,000. The loan was approved on 07/15/2020 by The Farmers & Merchants Savings Bank reported 10 jobs and $227,000 was used to fund payroll.

Axial industries, ltd. is Existing or more than 2 years old

PPP Loan Search / IA / Iowa City / Axial industries, ltd.

AXIAL INDUSTRIES, LTD.

Date Approved

07/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

AXIAL INDUSTRIES, LTD.

Borrower Address

4192 Alyssa Court SW

Borrower City

Iowa City

Borrower State

IA

Borrower Zip

52240

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

227000.00

Current Approval Amount

227000.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Iowa City

Project County Name

JOHNSON

Project State

IA

Project Zip

52240-0001

CD

IA-01

Jobs Reported

10

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2930.00

Payroll Proceed

211970.00

Mortgage Interest Proceed

0.00

Rent Proceed

12100.00

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

227783.62

Forgiveness Date

11/23/2020

;