Custom Conveyor & Equipment Corp

$89,500 PPP Loan in Polk City, Iowa

Loan Details

Loan Number
6375977007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$89,500
Current Approval
$89,500
Forgiveness Amount
$90,753
Forgiveness Date
Sep 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Custom Conveyor & Equipment Corp
Address
109 1st Street
State
Iowa
ZIP Code
50226-2146
Business Type
Corporation
Industry (NAICS)
Manufacturing (333922)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$75,000
Rent
$2,500
Utilities
$2,000
Mortgage Interest
$10,000

Lender Information

Servicing Lender
Grinnell State Bank
Originating Lender
Grinnell State Bank

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