Ver Hoef Automotive, Inc.

$486,900 PPP Loan in Sioux Center, Iowa

Loan Details

Loan Number
4692437003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$486,900
Current Approval
$486,900
Forgiveness Amount
$491,235
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ver Hoef Automotive, Inc.
Address
110 20th St NE
State
Iowa
ZIP Code
51250-1177
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.1M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$435,551
Rent
$43,978
Utilities
$7,371

Lender Information

Servicing Lender
American State Bank
Originating Lender
American State Bank

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