Binns & Stevens Explosives, Inc.

$288,600 PPP Loan in Oskaloosa, Iowa

Loan Details

Loan Number
3969777108
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$288,600
Current Approval
$288,600
Forgiveness Amount
$290,837
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Binns & Stevens Explosives, Inc.
Address
1503 17th Ave E
State
Iowa
ZIP Code
52577-3558
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (325920)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$22.8M
Rural/Urban
Rural
Congressional District
IA-01

Loan Use Breakdown

Payroll
$216,450
Rent
$18,038
Utilities
$18,038
Health Care
$18,038
Mortgage Interest
$18,038

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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