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Farmers Cooperative Company

$415,000 PPP Loan in Readlyn, Iowa

Loan Details

Loan Number
4883527009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$415,000
Current Approval
$415,000
Forgiveness Amount
$417,340
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Farmers Cooperative Company
Address
223 East First Street
City
Readlyn
State
Iowa
ZIP Code
50668-9709
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424910)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.2M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$332,000
Rent
$41,500
Utilities
$41,500

Lender Information

Servicing Lender
Readlyn Savings Bank
Originating Lender
Readlyn Savings Bank

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