Industrial Piping Services, INC

$693,862 PPP Loan in Nora Springs, Iowa

Loan Details

Loan Number
6728657001
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$693,862
Current Approval
$693,862
Forgiveness Amount
$699,220
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Piping Services, INC
Address
805 E Congress St
State
Iowa
ZIP Code
50458-8924
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$11.1M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$555,090
Rent
$30,000
Utilities
$20,000
Health Care
$78,772
Debt Interest
$10,000

Lender Information

Servicing Lender
First Security Bank & Trust Company
Originating Lender
First Security Bank & Trust Company

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