Quad County Corn Processors Cooperative

$686,900 PPP Loan in Galva, Iowa

Loan Details

Loan Number
6107987003
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$686,900
Current Approval
$686,900
Forgiveness Amount
$690,683
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Quad County Corn Processors Cooperative
Address
100 E 3rd St
City
Galva
State
Iowa
ZIP Code
51020-7733
Business Type
Cooperative
Industry (NAICS)
Manufacturing (325193)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$43.6M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$526,900
Utilities
$100,000
Debt Interest
$60,000

Lender Information

Servicing Lender
American Bank, National Association
Originating Lender
American Bank, National Association

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