Clausen Supply of Iowa, Inc.

$325,000 PPP Loan in Clinton, Iowa

Loan Details

Loan Number
5707237000
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$325,000
Current Approval
$245,000
Forgiveness Amount
$246,906
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Clausen Supply of Iowa, Inc.
Address
1219 S. 2nd Street
State
Iowa
ZIP Code
52732-5742
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423730)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.0M
Rural/Urban
Rural
Congressional District
IA-01

Loan Use Breakdown

Payroll
$196,000
Rent
$24,500
Utilities
$24,500

Lender Information

Servicing Lender
First Central State Bank
Originating Lender
First Central State Bank

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