Date Approved
02/03/2021
SBA Office Code
0761
Processing Method
PPS
Borrower Name
GERLEMAN MANAGEMENT INC.
Borrower Address
303 Locust St Ste 150
Borrower City
Des Moines
Borrower State
IA
Borrower Zip
50309-1762
Loan Status Date
05/10/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
329497.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
25587
Servicing Lender Name
West Bank
Servicing Lender Address
1601 22nd St
Servicing Lender City
WEST DES MOINES
Servicing Lender State
Servicing Lender Zip
50266-1408
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
POLK
Project State
Project Zip
CD
IA-03
Jobs Reported
27
NAICS Code
722511
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
329495.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
333333.61
Forgiveness Date
04/14/2022