New Balance Commodities, Inc.

$483,400 PPP Loan in Nodaway, Iowa

Loan Details

Loan Number
4820047010
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$483,400
Current Approval
$483,400
Forgiveness Amount
$486,717
Forgiveness Date
Dec 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New Balance Commodities, Inc.
Address
2320 Birch Ave
State
Iowa
ZIP Code
50857-7519
Business Type
Corporation
Industry (NAICS)
Manufacturing (311119)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$8.8M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$447,250
Rent
$18,000
Utilities
$14,150
Debt Interest
$4,000

Lender Information

Servicing Lender
Bank Iowa
Originating Lender
Bank Iowa

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