Mcgrath Motorsports LLC

$271,300 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
4809647001
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$271,300
Current Approval
$271,300
Forgiveness Amount
$273,237
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcgrath Motorsports LLC
Address
4645 Center Point Rd
State
Iowa
ZIP Code
52402-2461
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441228)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.7M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$271,300

Lender Information

Servicing Lender
Cedar Rapids Bank and Trust Company
Originating Lender
Cedar Rapids Bank and Trust Company

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