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Thorpe Water Development

$224,000 PPP Loan in Ankeny, Iowa

Loan Details

Loan Number
6251747006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$224,000
Current Approval
$224,000
Forgiveness Amount
$226,060
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Thorpe Water Development
Address
1485 NE 70th Ave
City
Ankeny
State
Iowa
ZIP Code
50021-9711
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
$12.5M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$190,000
Utilities
$9,000
Mortgage Interest
$25,000

Lender Information

Servicing Lender
Grinnell State Bank
Originating Lender
Grinnell State Bank

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