Master Packing and Rubber Company

$264,100 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
5879707006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$264,100
Current Approval
$264,100
Forgiveness Amount
$266,301
Forgiveness Date
Feb 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Master Packing and Rubber Company
Address
6430 4th St SW
State
Iowa
ZIP Code
52404-4760
Business Type
Corporation
Industry (NAICS)
Manufacturing (339991)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$5.9M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$215,000
Rent
$10,000
Utilities
$20,000
Health Care
$16,000
Debt Interest
$3,100

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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