Koester Construction Company INC

$500,000 PPP Loan in Grimes, Iowa

Loan Details

Loan Number
7003297008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$502,792
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Koester Construction Company INC
Address
3050 SE Enterprise Dr
City
Grimes
State
Iowa
ZIP Code
50111-4993
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
41
Estimated Revenue
$46.7M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$375,000
Rent
$25,000
Utilities
$25,000
Health Care
$25,000
Mortgage Interest
$25,000
Debt Interest
$25,000

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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