PPP Loan information for Highway equipment company

$1,922,000

Highway equipment company was initially approved for PPP Loan of amount $2,672,000, the current approved amount is $1,922,000. The loan was approved on 04/10/2020 by The Farmers & Merchants Savings Bank reported 149 jobs and $1,922,000 was used to fund payroll.

Highway equipment company is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Highway equipment company

HIGHWAY EQUIPMENT COMPANY

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

HIGHWAY EQUIPMENT COMPANY

Borrower Address

1330 76TH AVE SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-7038

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2672000.00

Current Approval Amount

1922000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-7038

CD

IA-02

Jobs Reported

149

NAICS Code

333111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1922000.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1132638.90

Forgiveness Date

05/26/2021

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