Rochester Iron & Metal Incorporated

$628,700 PPP Loan in Rochester, Indiana

Loan Details

Loan Number
5902967002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$628,700
Current Approval
$628,700
Forgiveness Amount
$634,760
Forgiveness Date
Mar 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rochester Iron & Metal Incorporated
Address
1552 E Lucas St
State
Indiana
ZIP Code
46975-8342
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423930)
Business Age
Existing or more than 2 years old
Jobs Reported
65
Estimated Revenue
$19.9M
Rural/Urban
Rural
Congressional District
IN-02

Loan Use Breakdown

Payroll
$471,581
Utilities
$35,700
Health Care
$11,343
Debt Interest
$110,076

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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