PPP Loan information for Velvet coat

$38,500

Velvet coat was initially approved for PPP Loan of amount $38,500, the current approved amount is $38,500. The loan was approved on 04/13/2020 by The MidWestOne Bank reported 12 jobs and $38,500 was used to fund payroll.

Velvet coat is Existing or more than 2 years old

PPP Loan Search / IA / IOWA CITY / Velvet coat

VELVET COAT

Date Approved

04/13/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

VELVET COAT

Borrower Address

118 E College Street

Borrower City

IOWA CITY

Borrower State

IA

Borrower Zip

52240-4001

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

38500.00

Current Approval Amount

38500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

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

52240-4001

CD

IA-01

Jobs Reported

12

NAICS Code

448120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2406.25

Payroll Proceed

28875.00

Mortgage Interest Proceed

2406.25

Rent Proceed

2406.25

Refinance EIDL Proceed

2406.25

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

38808.00

Forgiveness Date

02/09/2021

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