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Madsen Custom Homes, INC

$54,400 PPP Loan in Marion, Iowa

Loan Details

Loan Number
2937077209
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$54,400
Current Approval
$54,400
Forgiveness Amount
$54,968
Forgiveness Date
May 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Madsen Custom Homes, INC
Address
2694 5th Ave
City
Marion
State
Iowa
ZIP Code
52302-4335
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (236115)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$40,800
Rent
$13,600

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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