PPP Loan information for Metal design systems inc

$1,094,967

Metal design systems inc was initially approved for PPP Loan of amount $1,094,967, the current approved amount is $1,094,967. The loan was approved on 01/22/2021 by The Farmers & Merchants Savings Bank reported 97 jobs and $1,094,967 was used to fund payroll.

Metal design systems inc is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Metal design systems inc

METAL DESIGN SYSTEMS INC

Date Approved

01/22/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

METAL DESIGN SYSTEMS INC

Borrower Address

4150 C St SW

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52404-7451

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1094967.00

Current Approval Amount

1094967.00

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

52404-7451

CD

IA-02

Jobs Reported

97

NAICS Code

332311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1094965.00

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

1099133.96

Forgiveness Date

06/15/2021

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