Ollenburg Motors, Inc.

$165,500 PPP Loan in Garner, Iowa

Loan Details

Loan Number
4659337006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$165,500
Current Approval
$165,500
Forgiveness Amount
$166,792
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ollenburg Motors, Inc.
Address
525 Highway 18 W
City
Garner
State
Iowa
ZIP Code
50438-1017
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
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
$118,000
Utilities
$12,000
Health Care
$15,000
Mortgage Interest
$3,500
Debt Interest
$17,000

Lender Information

Servicing Lender
Clear Lake Bank & Trust Company
Originating Lender
Clear Lake Bank & Trust Company

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