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Richie Industries INC

$980,200 PPP Loan in Conrad, Iowa

Loan Details

Loan Number
4431157102
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$980,200
Current Approval
$980,200
Forgiveness Amount
$987,541
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Richie Industries INC
Address
120 S Main
City
Conrad
State
Iowa
ZIP Code
50621
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
61
Estimated Revenue
$16.0M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$735,150
Rent
$61,263
Utilities
$61,263
Health Care
$61,263
Mortgage Interest
$61,263

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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