Maxyield Cooperative

$4,180,600 PPP Loan in West Bend, Iowa

Loan Details

Loan Number
4787937003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$4,180,600
Current Approval
$4,180,600
Forgiveness Amount
$3,475,087
Forgiveness Date
Jul 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Maxyield Cooperative
Address
313 3rd Ave
State
Iowa
ZIP Code
50597-7707
Business Type
Cooperative
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
250
Estimated Revenue
$64.3M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$3,135,450
Rent
$348,383
Utilities
$348,383
Debt Interest
$348,384

Lender Information

Servicing Lender
First Citizens Bank
Originating Lender
First Citizens Bank

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