Scrap Processors, INC

$280,500 PPP Loan in Des Moines, Iowa

Loan Details

Loan Number
6683287003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$280,500
Current Approval
$280,500
Forgiveness Amount
$283,021
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Scrap Processors, INC
Address
306 SE 5th St
State
Iowa
ZIP Code
50309-5116
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423990)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$5.5M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$280,500

Lender Information

Servicing Lender
First State Bank
Originating Lender
First State Bank

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