US Erectors, INC

$1,476,700 PPP Loan in Pleasant Hill, Iowa

Loan Details

Loan Number
7421197005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,476,700
Current Approval
$1,476,700
Forgiveness Amount
$1,493,887
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
US Erectors, INC
Address
5760 Metro East Dr
State
Iowa
ZIP Code
50327-8908
Business Type
Corporation
Industry (NAICS)
Construction (238120)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
$17.6M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$1,200,000
Rent
$100,000
Utilities
$40,000
Health Care
$96,700
Debt Interest
$40,000

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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