Carroll Distributing and Construction Supply Esop

$3,897,600 PPP Loan in Ottumwa, Iowa

Loan Details

Loan Number
5382047101
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$3,897,600
Current Approval
$3,897,600
Forgiveness Amount
$3,942,422
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Carroll Distributing and Construction Supply Esop
Address
207 W 2nd Street, Suite 3
State
Iowa
ZIP Code
52501-2504
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Wholesale Trade (423810)
Business Age
Existing or more than 2 years old
Jobs Reported
316
Estimated Revenue
$96.8M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$3,897,600

Lender Information

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

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