PPP Loan information for Business capital corporation

$404,800

Business capital corporation was initially approved for PPP Loan of amount $404,800, the current approved amount is $404,800. The loan was approved on 04/04/2020 by The Iowa State Bank reported 22 jobs and $404,800 was used to fund payroll.

Business capital corporation is Existing or more than 2 years old

PPP Loan Search / IA / DES MOINES / Business capital corporation

BUSINESS CAPITAL CORPORATION

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BUSINESS CAPITAL CORPORATION

Borrower Address

1707 HIGH ST

Borrower City

DES MOINES

Borrower State

IA

Borrower Zip

50309-3313

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

404800.00

Current Approval Amount

404800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24904

Servicing Lender Name

Iowa State Bank

Servicing Lender Address

627 E Locust St

Servicing Lender City

DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50309-1913

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DES MOINES

Project County Name

POLK

Project State

IA

Project Zip

50309-3313

CD

IA-03

Jobs Reported

22

NAICS Code

541611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

404800.00

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

24904

Originating Lender

Iowa State Bank

Originating Lender City

DES MOINES

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

407051.35

Forgiveness Date

11/03/2020

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