Tom's Electric & Grain Equipment, Inc.

$82,800 PPP Loan in Westphalia, Iowa

Loan Details

Loan Number
6517397006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$82,800
Current Approval
$82,800
Forgiveness Amount
$83,335
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Tom's Electric & Grain Equipment, Inc.
Address
105 Weber St
State
Iowa
ZIP Code
51578-3001
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423390)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$66,240
Rent
$8,280
Utilities
$8,280

Lender Information

Servicing Lender
United Bank of Iowa
Originating Lender
United Bank of Iowa

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