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Simco Drilling Equipment, Inc.

$229,600 PPP Loan in Osceola, Iowa

Loan Details

Loan Number
5862027007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$229,600
Current Approval
$229,600
Forgiveness Amount
$230,858
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Simco Drilling Equipment, Inc.
Address
802 Furnas Drive
City
Osceola
State
Iowa
ZIP Code
50213-9600
Business Type
Corporation
Industry (NAICS)
Manufacturing (336212)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$5.5M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$221,986
Utilities
$7,614

Lender Information

Servicing Lender
American State Bank
Originating Lender
American State Bank

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