PPP Loan information for Mayor's youth empowerment program

$893,100

Mayor's youth empowerment program was initially approved for PPP Loan of amount $893,100, the current approved amount is $893,100. The loan was approved on 04/05/2020 by The Farmers & Merchants Savings Bank reported 199 jobs and $893,100 was used to fund payroll.

Mayor's youth empowerment program is Existing or more than 2 years old

PPP Loan Search / IA / IOWA CITY / Mayor's youth empowerment program

MAYOR'S YOUTH EMPOWERMENT PROGRAM

Date Approved

04/05/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MAYOR'S YOUTH EMPOWERMENT PROGRAM

Borrower Address

407 Highland Ct

Borrower City

IOWA CITY

Borrower State

IA

Borrower Zip

52240-4519

Loan Status Date

Loan Status

Exemption 4

Term

61

SBA Guaranty Percentage

100

Initial Approval Amount

893100.00

Current Approval Amount

893100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25202

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

2235 Mormon Trek Blvd

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52246-4436

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

IOWA CITY

Project County Name

JOHNSON

Project State

IA

Project Zip

52240-4519

CD

IA-01

Jobs Reported

199

NAICS Code

813410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

893100.00

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

Non-Profit Organization

Originating Lender Location Id

25202

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

817492.01

Forgiveness Date

11/10/2020

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