Welu INC

$154,400 PPP Loan in Dubuque, Iowa

Loan Details

Loan Number
5389007005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$154,400
Current Approval
$154,400
Forgiveness Amount
$155,614
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Welu INC
Address
1685 Central Avenue
State
Iowa
ZIP Code
52001-3626
Business Type
Corporation
Industry (NAICS)
Manufacturing (323111)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$12.9M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$115,800
Rent
$9,650
Utilities
$9,650
Health Care
$9,650
Mortgage Interest
$9,650

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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