Softronics, Ltd.

$286,200 PPP Loan in Marion, Iowa

Loan Details

Loan Number
5301777009
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$286,200
Current Approval
$286,200
Forgiveness Amount
$289,785
Forgiveness Date
Jul 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Softronics, Ltd.
Address
1080 E Post Rd
City
Marion
State
Iowa
ZIP Code
52302-5213
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
$286,200

Lender Information

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

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