Iowa Wesleyan University

$1,391,035 PPP Loan in Mount Pleasant, Iowa

Loan Details

Loan Number
5574727109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$1,391,035
Current Approval
$1,391,035
Forgiveness Amount
$1,400,424
Forgiveness Date
Dec 28, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Iowa Wesleyan University
Address
601 N Main St
State
Iowa
ZIP Code
52641-1348
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611310)
Business Age
Existing or more than 2 years old
Jobs Reported
125
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
IA-01

Loan Use Breakdown

Payroll
$1,194,325
Rent
$41,600
Utilities
$103,110
Mortgage Interest
$52,000

Lender Information

Servicing Lender
Two Rivers Bank & Trust
Originating Lender
Two Rivers Bank & Trust

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