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Power Solutions, INC

$95,600 PPP Loan in Alta, Iowa

Loan Details

Loan Number
4657397009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$95,600
Current Approval
$95,600
Forgiveness Amount
$96,681
Forgiveness Date
May 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Solutions, INC
Address
105 E 1st St
City
Alta
State
Iowa
ZIP Code
51002-1203
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$83,500
Rent
$3,000
Utilities
$1,100
Health Care
$8,000

Lender Information

Servicing Lender
Community State Bank
Originating Lender
Community State Bank

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