Shovel 1, INC

$140,400 PPP Loan in Waverly, Iowa

Loan Details

Loan Number
6925027010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$140,400
Current Approval
$140,400
Forgiveness Amount
$141,184
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Shovel 1, INC
Address
1210 West Bremer Ave
State
Iowa
ZIP Code
50677-2830
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
New Business or 2 years or less
Jobs Reported
17
Estimated Revenue
$5.4M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$114,600
Rent
$10,000
Utilities
$3,400
Health Care
$9,400
Debt Interest
$3,000

Lender Information

Servicing Lender
First Bank
Originating Lender
First Bank

Other PPP Loans in Waverly, IA

BusinessApproved
Doerfer Corporation$6,186,761NewBizBotAI Deep Dive
Waverly Health Center$5,553,300NewBizBotAI Deep Dive
Wartburg College$4,341,000NewBizBotAI Deep Dive
Gmt LLC$3,190,339NewBizBotAI Deep Dive
Gmt LLC$2,000,000NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free