Rauen Precision Machining INC
$301,900 PPP Loan in Farley, Iowa
Loan Details
- Loan Number
- 3447077102
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $301,900
- Current Approval
- $301,900
- Forgiveness Amount
- $303,737
- Forgiveness Date
- Nov 19, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rauen Precision Machining INC
- Address
- 951 9th Ave NW
- City
- Farley
- State
- Iowa
- ZIP Code
- 52046-9408
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 24
- Estimated Revenue
- $5.2M
- Rural/Urban
- Urban
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $226,425
- Rent
- $18,869
- Utilities
- $18,869
- Mortgage Interest
- $18,869
- Refinance EIDL
- $18,869
Lender Information
- Servicing Lender
- Midwestone Bank
- Originating Lender
- Midwestone Bank
Other PPP Loans in Farley, IA
| Business | Approved | |
|---|---|---|
| East Iowa Machine Company, LLC | $2,195,900 |  Research |
| Simon's Trucking Inc. | $1,810,700 | Research |
| Behnke Enterprises, Inc. | $1,163,700 | Research |
| Lund Manufacturing Co., Inc. | $506,800 | Research |
| Kluesner Construction INC | $477,400 | Research |
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