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Mcdermott Oil Co.

$335,000 PPP Loan in Cascade, Iowa

Loan Details

Loan Number
4716757000
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$335,000
Current Approval
$335,000
Forgiveness Amount
$337,047
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcdermott Oil Co.
Address
1501 1st Ave
City
Cascade
State
Iowa
ZIP Code
52033-7718
Business Type
Corporation
Industry (NAICS)
Retail Trade (454310)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$13.1M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$335,000

Lender Information

Servicing Lender
Farmers & Merchants Savings Bank
Originating Lender
Farmers & Merchants Savings Bank

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