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Lynch Livestock INC

$3,672,100 PPP Loan in Waucoma, Iowa

Loan Details

Loan Number
7271607110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$3,672,100
Current Approval
$3,672,100
Forgiveness Amount
$3,727,080
Forgiveness Date
Oct 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lynch Livestock INC
Address
331 3rd Street NW
City
Waucoma
State
Iowa
ZIP Code
52171
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424520)
Business Age
Existing or more than 2 years old
Jobs Reported
306
Estimated Revenue
$78.8M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$2,754,075
Rent
$229,506
Utilities
$229,506
Mortgage Interest
$229,506
Refinance EIDL
$229,506

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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