Southwest Distributing Company

$205,000 PPP Loan in Creston, Iowa

Loan Details

Loan Number
3921257204
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$205,000
Current Approval
$205,000
Forgiveness Amount
$206,331
Forgiveness Date
Dec 28, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Southwest Distributing Company
Address
301 Industrial Pkwy
State
Iowa
ZIP Code
50801-8102
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424810)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.1M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$161,180
Rent
$17,920
Utilities
$6,500
Health Care
$16,200
Mortgage Interest
$3,200

Lender Information

Servicing Lender
Iowa State Savings Bank
Originating Lender
Iowa State Savings Bank

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