Heartland Mutual Insurance Association

$132,000 PPP Loan in Algona, Iowa

Loan Details

Loan Number
2708077107
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$132,000
Current Approval
$132,000
Forgiveness Amount
$132,803
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Heartland Mutual Insurance Association
Address
101 North Wooster
City
Algona
State
Iowa
ZIP Code
50511
Business Type
Corporation
Industry (NAICS)
Finance and Insurance (524126)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$113,520
Rent
$3,960
Utilities
$2,640
Health Care
$11,880

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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