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Red Oak Fabrication

$530,900 PPP Loan in Red Oak, Iowa

Loan Details

Loan Number
4408217000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$530,900
Current Approval
$530,900
Forgiveness Amount
$534,012
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Red Oak Fabrication
Address
306 3rd St.
City
Red Oak
State
Iowa
ZIP Code
51566-2799
Business Type
Corporation
Industry (NAICS)
Manufacturing (333992)
Business Age
Existing or more than 2 years old
Jobs Reported
65
Estimated Revenue
$17.0M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$424,378
Rent
$20,000
Utilities
$56,522
Health Care
$30,000

Lender Information

Servicing Lender
Houghton State Bank
Originating Lender
Houghton State Bank

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