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Webster Electric, Inc.

$460,300 PPP Loan in Waukee, Iowa

Loan Details

Loan Number
5176347009
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$460,300
Current Approval
$460,300
Forgiveness Amount
$464,059
Forgiveness Date
Feb 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Webster Electric, Inc.
Address
495 Alices Rd Ste. B
City
Waukee
State
Iowa
ZIP Code
50263-9634
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$18.1M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$425,000
Rent
$20,000
Utilities
$15,300

Lender Information

Servicing Lender
Freedom Financial Bank
Originating Lender
Freedom Financial Bank

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