Pierson Motor Company, INC
$232,500 PPP Loan in Spencer, Iowa
Loan Details
- Loan Number
- 1133047102
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $232,500
- Current Approval
- $232,500
- Forgiveness Amount
- $234,599
- Forgiveness Date
- Mar 9, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Pierson Motor Company, INC
- Address
- 118 11th Street SW Plz
- City
- Spencer
- State
- Iowa
- ZIP Code
- 51301-5802
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 26
- Estimated Revenue
- $6.6M
- Rural/Urban
- Rural
- Congressional District
- IA-04
Loan Use Breakdown
- Payroll
- $186,100
- Rent
- $23,200
- Utilities
- $23,200
Lender Information
- Servicing Lender
- Dacotah Bank
- Originating Lender
- Dacotah Bank
Other PPP Loans in Spencer, IA
| Business | Approved | |
|---|---|---|
| Shine Bros. Corp. | $2,037,200 |  Research |
| Shine Bros Corp | $1,999,900 | Research |
| Vander Haag's INC | $1,960,100 | Research |
| Graham Tire Company of Spencer, Inc. | $1,910,200 | Research |
| Northwest Iowa Mental Health Center | $1,364,800 | Research |
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