PPP Loan information for Limolink incorporated

$2,000,000

Limolink incorporated was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Farmers & Merchants Savings Bank reported 178 jobs and $2,000,000 was used to fund payroll.

Limolink incorporated is Existing or more than 2 years old

PPP Loan Search / IA / Marion / Limolink incorporated

LIMOLINK INCORPORATED

Date Approved

01/23/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

LIMOLINK INCORPORATED

Borrower Address

3375 Armar Dr

Borrower City

Marion

Borrower State

IA

Borrower Zip

52302-4702

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Marion

Project County Name

LINN

Project State

IA

Project Zip

52302-4702

CD

IA-02

Jobs Reported

178

NAICS Code

561599

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

819713.13

Forgiveness Date

07/23/2021

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