Highway Equipment Company
$2,672,000 PPP Loan in Cedar Rapids, Iowa
Loan Details
- Loan Number
- 1503397100
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,672,000
- Current Approval
- $1,922,000
- Forgiveness Amount
- $1,132,639
- Forgiveness Date
- May 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Highway Equipment Company
- Address
- 1330 76th Ave SW
- City
- Cedar Rapids
- State
- Iowa
- ZIP Code
- 52404-7038
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333111)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 149
- Estimated Revenue
- $39.0M
- Rural/Urban
- Urban
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $1,922,000
Lender Information
- Servicing Lender
- Farmers & Merchants Savings Bank
- Originating Lender
- Farmers & Merchants Savings Bank
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