Wessels Oil Company Inc.

$467,340 PPP Loan in Palmer, Iowa

Loan Details

Loan Number
5586728309
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$467,340
Current Approval
$467,340
Forgiveness Amount
$470,001
Forgiveness Date
Aug 20, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Wessels Oil Company Inc.
Address
421 Railroad Avenue
City
Palmer
State
Iowa
ZIP Code
50571
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (454310)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.1M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$467,338
Utilities
$1

Lender Information

Servicing Lender
Heartland Bank
Originating Lender
Heartland Bank

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