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Iowa Corn Processors, L.c.

$710,500 PPP Loan in Glidden, Iowa

Loan Details

Loan Number
2407577100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$710,500
Current Approval
$710,500
Forgiveness Amount
$715,829
Forgiveness Date
Jan 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Iowa Corn Processors, L.c.
Address
20481 Sycamore Ave
City
Glidden
State
Iowa
ZIP Code
51443-8821
Business Type
Corporation
Industry (NAICS)
Manufacturing (311211)
Business Age
New Business or 2 years or less
Jobs Reported
47
Estimated Revenue
$16.6M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$560,500
Utilities
$75,000
Mortgage Interest
$75,000

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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