Softronics Ltd

$324,290 PPP Loan in Marion, Iowa

Loan Details

Loan Number
4670138405
Date Approved
Feb 6, 2021
Loan Status
Paid in Full
Initial Approval
$324,290
Current Approval
$324,290
Forgiveness Amount
$327,884
Forgiveness Date
Mar 23, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Softronics Ltd
Address
1080 E Post Rd Ste 1
City
Marion
State
Iowa
ZIP Code
52302-5288
Business Type
Corporation
Industry (NAICS)
Manufacturing (334310)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$324,289

Lender Information

Servicing Lender
Cedar Rapids Bank and Trust Company
Originating Lender
Cedar Rapids Bank and Trust Company

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