New Tec, INC

$526,000 PPP Loan in Hull, Iowa

Loan Details

Loan Number
4699967001
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$526,000
Current Approval
$526,000
Forgiveness Amount
$529,646
Forgiveness Date
Dec 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New Tec, INC
Address
1008 Locust Street
City
Hull
State
Iowa
ZIP Code
51239-7723
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423810)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$506,000
Rent
$10,000
Utilities
$10,000

Lender Information

Servicing Lender
American State Bank
Originating Lender
American State Bank

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