Diversified Composites

$206,400 PPP Loan in Blairstown, Iowa

Loan Details

Loan Number
5258197005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$206,400
Current Approval
$238,000
Forgiveness Amount
$239,977
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Diversified Composites
Address
208 Prospect St
State
Iowa
ZIP Code
52209-9701
Business Type
Corporation
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$196,600
Rent
$1,000
Utilities
$20,400
Mortgage Interest
$5,000
Debt Interest
$15,000

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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