PPP Loan information for Innovative foam, inc

$27,700

Innovative foam, inc was initially approved for PPP Loan of amount $27,700, the current approved amount is $27,700. The loan was approved on 06/19/2020 by The Citizens Bank & Trust Co reported 5 jobs and $27,700 was used to fund payroll.

Innovative foam, inc is Existing or more than 2 years old

PPP Loan Search / MN / HUTCHINSON / Innovative foam, inc

INNOVATIVE FOAM, INC

Date Approved

06/19/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

INNOVATIVE FOAM, INC

Borrower Address

1164 BENJAMIN AVE Unit 5

Borrower City

HUTCHINSON

Borrower State

MN

Borrower Zip

55350-7020

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

27700.00

Current Approval Amount

27700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38252

Servicing Lender Name

Citizens Bank & Trust Co

Servicing Lender Address

102 Main St S

Servicing Lender City

HUTCHINSON

Servicing Lender State

MN

Servicing Lender Zip

55350-2575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUTCHINSON

Project County Name

MCLEOD

Project State

MN

Project Zip

55350-7020

CD

MN-07

Jobs Reported

5

NAICS Code

325998

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

27700.00

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

Corporation

Originating Lender Location Id

38252

Originating Lender

Citizens Bank & Trust Co

Originating Lender City

HUTCHINSON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

27848.50

Forgiveness Date

01/11/2021

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