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Ideal Industries, Inc.

$707,000 PPP Loan in Oelwein, Iowa

Loan Details

Loan Number
4408527010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$707,000
Current Approval
$707,000
Forgiveness Amount
$712,597
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ideal Industries, Inc.
Address
1001 Industrial Park Road
City
Oelwein
State
Iowa
ZIP Code
50662-3062
Business Type
Corporation
Industry (NAICS)
Manufacturing (333111)
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$22.3M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$585,800
Rent
$60,600
Utilities
$60,600

Lender Information

Servicing Lender
Gnb Bank
Originating Lender
Gnb Bank

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