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Gerard Electric Inc.

$685,000 PPP Loan in Iowa City, Iowa

Loan Details

Loan Number
5828958410
Date Approved
Feb 9, 2021
Loan Status
Paid in Full
Initial Approval
$685,000
Current Approval
$685,000
Forgiveness Amount
$689,909
Forgiveness Date
Oct 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Gerard Electric Inc.
Address
1807 Stevens Dr
City
Iowa City
State
Iowa
ZIP Code
52240-4361
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$9.9M
Rural/Urban
Urban
Congressional District
IA-01

Loan Use Breakdown

Payroll
$684,997
Utilities
$1

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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