Molo Petroleum LLC

$790,900 PPP Loan in Dubuque, Iowa

Loan Details

Loan Number
1356987110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$790,900
Current Approval
$790,900
Forgiveness Amount
$797,249
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Molo Petroleum LLC
Address
123 Southern Avenue
State
Iowa
ZIP Code
52003-7847
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Wholesale Trade (424710)
Franchise
Molo Petroleum - Retail Dealer Motor Fuel Purchase �contract
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$14.2M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$593,175
Rent
$49,431
Utilities
$49,431
Health Care
$49,431
Mortgage Interest
$49,431

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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