PPP Loan information for Linn cooperative oil company

$1,148,900

Linn cooperative oil company was initially approved for PPP Loan of amount $1,148,900, the current approved amount is $1,148,900. The loan was approved on 04/10/2020 by The Farmers State Bank reported 128 jobs and $1,148,900 was used to fund payroll.

Linn cooperative oil company is Existing or more than 2 years old

PPP Loan Search / IA / MARION / Linn cooperative oil company

LINN COOPERATIVE OIL COMPANY

Date Approved

04/10/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

LINN COOPERATIVE OIL COMPANY

Borrower Address

3544 35TH ST

Borrower City

MARION

Borrower State

IA

Borrower Zip

52302-6435

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1148900.00

Current Approval Amount

1148900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25235

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

1240 8th Ave

Servicing Lender City

MARION

Servicing Lender State

IA

Servicing Lender Zip

52302-3504

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

52302-6435

CD

IA-02

Jobs Reported

128

NAICS Code

926140

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1098900.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25235

Originating Lender

Farmers State Bank

Originating Lender City

MARION

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1157644.41

Forgiveness Date

01/20/2021

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