New Energy Distributing INC

$193,800 PPP Loan in Dyersville, Iowa

Loan Details

Loan Number
6683007000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$193,800
Current Approval
$193,800
Forgiveness Amount
$195,114
Forgiveness Date
Dec 16, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New Energy Distributing INC
Address
601 6th Avenue NW Po Box 87
State
Iowa
ZIP Code
52040
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423720)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$145,350
Rent
$12,113
Utilities
$12,113
Health Care
$12,113
Mortgage Interest
$12,113

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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